Bahrain-based alternative investment manager Investcorp announced the successful closing of its Investcorp Technology Partners (ITP V) fund at $570 million. This figure surpassed the fund's initial target of $500 million, reflecting strong investor confidence in Investcorp's technology investment strategy.
The capital secured for ITP V originated from a diversified pool of limited partners (LPs) across the globe. New and existing LPs from Europe, North America, Asia, and the Gulf Cooperation Council (GCC) contributed to the fund, demonstrating Investcorp's reach and reputation in international investment circles.
The ITP V fund focuses on growth-stage technology companies across four key sectors:software, data analytics, cybersecurity, and fintech. Investcorp seeks to take controlling stakes in these businesses, targeting companies valued at $10 million or more with investment needs between $30 million and $75 million. This strategy allows Investcorp to actively partner with portfolio companies and guide their growth trajectories.
Investcorp has already begun deploying capital from ITP V. The fund has invested in several promising technology businesses, including VEDA, a German human resources (HR) software company; HWG Sababa, an Italian cybersecurity platform; Zift Solutions, a U. S. -based provider of cloud-based enterprise learning solutions; and NetRom, a Netherlands-based leader in cloud communications solutions.
This successful fundraise strengthens Investcorp's position as a prominent investor in the global technology sector. The firm's expertise in identifying and nurturing high-growth technology companies, combined with its diversified investor base, positions Investcorp to capitalize on promising investment opportunities across the globe. The ITP V fund allows Investcorp to continue its track record of generating attractive returns for its investors while fostering innovation and growth within the technology industry.