Investcorp funding news – Investment Firm Investcorp Secures Investcorp Technology Partners V Fund, at $570Million
May 9, 2024 | By Team SR
United Kingdom-based Investment Firm Investcorp secures investcorp technology partners V fund, at $570million in funding. The fund exceeded its $500 million target with commitments from new and existing LPs in Europe, North America, Asia, and the GCC.
SUMMARY
- United Kingdom-based Investment Firm Investcorp secures investcorp technology partners V fund, at $570million in funding.
- Global asset manager Investcorp focuses on alternative investments in real estate, infrastructure, credit, private equity, absolute return strategies, GP stakes, and insurance asset management.
ITP V marks the continuation of Investcorp’s lower mid-market technology strategy, which was established more than 20 years ago to target growing B2B technology companies with proven products and end markets.
ITP V will seek to invest in companies globally within software, data/analytics, cybersecurity and fintech. The fund will look to take controlling stakes in companies with around $10 million or more in revenues and positive EBITDA that require equity investments of between $30-75 million, often as the first institutional investor.
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ITP V has already made four investments in companies that span each of the fund’s specific focus areas. These include VEDA (HR software, Germany), HWG Sababa (cybersecurity, Italy), Zift Solutions (PRM software, USA), and NetRom (software engineering, the Netherlands).
Gilbert Kamieniecky, Head of European Private Equity at Investcorp, said: “We are excited to announce the final close of ITP V today. Over the past 20 years, we have developed a proven formula for investing in B2B technology businesses in the lower middle market that has enabled us to consistently achieve attractive returns for our investors. We pride ourselves on remaining disciplined on entry valuations throughout cycles, being hands-on partners to founders and focusing on a small subset of sectors with long-term tailwinds. ITP V marks the continuation of this successful strategy and we are truly grateful for the trust that our investors have once again placed in us.”
Hazem Ben-Gacem, Co-CEO of Investcorp, said: “We appreciate the support of our existing and new investors in the ITP V fundraise. We are looking forward to continuing to execute our tried and tested mid-market technology investment strategy that has proven successful throughout market cycles. By leveraging Investcorp’s scale and global reach, our team and this fund is strongly positioned to invest in and partner with promising companies and help accelerate their growth.”
About Investcorp
Global asset manager Investcorp focuses on alternative investments in real estate, infrastructure, credit, private equity, absolute return strategies, GP stakes, and insurance asset management. Since their founding in 1982, as a responsible and cautious investor, we have concentrated on producing attractive returns for their customers while building long-term value in their investee companies and for their shareholders.