Apr 25, 2024 03:19 AM
FINANCE
Investcorp Sets Up $1 Billion Mideast Fund Backed by China’s CIC
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Investcorp has assets under management of about $50 billion
(Bloomberg) — The Middle East’s biggest alternative asset manager is setting up a $1 billion investment vehicle backed by Beijing’s sovereign wealth fund to invest in companies across the Persian Gulf and China.
Investcorp Holdings’ new Golden Horizon Fund will be anchored by China Investment Corp. (CIC), as well as other investors from the Middle East, according to a statement Wednesday.
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