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Komfie Manalo, Opalesque Asia: Global provider and alternative investment manager Investcorp has completed its acquisition and integration of the debt management business of 3i from 3i Group plc. The business, now recognized as Investcorp Credit Management, adds $11bn of assets under management, bringing the total to approximately $21.4bn.
Commenting on the announcement, Mohammed Alardhi, executive chairman of Investcorp, said, "The acquisition is a strategic move for Investcorp. Last year we announced our ambitious strategy to grow assets under management to $25bn in the medium term. We are firmly on track to achieve our goal as we continue to extend Investcorp's existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds). The integration of ICM is a natural fit with our global vision of providing our clients with a diversified range of alternative investment opportunities across different geographies. The next chapter of our corporate narrative starts today, with an even more substantial market stronghold and enhanced competitive edge.:
Investcorp Credit Management is a global credit investment platform, managing funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the U.S. ...................... To view our full article Click here
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