The Bahraini company, Investcorp, seeks to more than double the size of its assets by focusing more on institutional capital.
According to Arab Net, Executive Chairman of the Board of Directors, Mohammed Al-Ardi, said in an interview with Bloomberg TV that his company, which is the largest manager of private equity and alternative assets in the Middle East, can reach the size of its assets to $100 billion in seven years, compared to $40 billion currently. .
He continued, "We have an ambition to be a $100 billion company in the medium term. We make acquisitions, achieve organic growth, participate in projects and will continue to do these activities." /p>
Al-Ardhi explained that Investcorp, which was delisted from the Bahrain Stock Exchange after nearly four decades, now has the flexibility it needs to expand through a return to private ownership.
He continued, "The privatized transition structure is the right thing for us now to prepare the company for the next stage of growth.. For many years, we have served retail investors on a deal-by-deal model." . We would like to change that to target sustainable capital and institutional capital.
The company is the Gulf's largest private investor in US real estate, and is seeking expansion in Asia. In 2017, the UAE's Mubadala Investment Company acquired 20% of the shares of Investcorp.
Al-Ardhi expects that the Chinese Evergrande crisis will provide new opportunities for the company to expand in Asia.
Al-Ardhi describes the Evergrande crisis as temporary, and will be contained within Asia, noting that it may calm real estate prices that have seen spikes in some parts of China.
The company plans to focus on the technology, healthcare and food sectors in China.
