Investcorp to invest $5bn in Indian market in 5 years

Bahrain-based investment firm Investcorp aims to increase its investments in India to as much as $5 billion over the next five years, from less than $1 billion today, as the investor looks to grow its private equity business and expand its real estate business in adjacent sectors such as logistics and warehousing and education infrastructure, said Mohammed Alardhi, executive chairman of Investcorp.
The investment firm, which entered India in 2018 through the acquisition of IDFC Alternatives’ private equity and real estate funds, has grown its assets under management (AUM) from $180 million to approximately $800 million in 2023. “In the last five years, we got to know India very well, the team has really formed well, so the foundation is solid. And now, because of what we are seeing in India, the growth of the economy, the transformation that has happened, we believe that we can set a target of $5 billion AUM in the medium term,” said Alardhi. He added that with the planned growth in India business, the Indian portfolio will become a bigger part of its global business, growing from around 2% of its $50 billion AUM today to 5%. As Investcorp looks to expand its presence in India, it is also looking at entering more asset classes and going beyond private equity and real estate.