Investcorp Launches a USD 1 billion Platform, To Be Anchored by China Funding Company, to Put money into the GCC and China
Investcorp, a number one world different funding agency, and China Funding Company (“CIC”), one of many world’s largest sovereign wealth funds, have right this moment introduced the launch of “Investcorp Golden Horizon” to put money into high-growth firms throughout Saudi Arabia, the remainder of the nations of the Gulf Cooperation Council (the “GCC”) and China (the “Platform”).
The Platform has a goal measurement of USD 1 billion and shall be anchored by respected institutional and personal traders from the GCC, in addition to CIC. Goal firms are anticipated to have excessive development potential in enticing sectors, together with shopper, healthcare, logistics and enterprise companies. The Investcorp Saudi Pre-IPO Progress Fund, which is a part of the Platform, has already introduced three investments within the GCC.
This anchor dedication from CIC to the Platform comes at a time when the GCC’s enchantment to institutional traders is gathering tempo, because of its secure regulatory setting and its pro-business insurance policies, together with its financial diversification drive and strategic privatisation mandates.
Investcorp’s Govt Chairman, Mohammed Alardhi, mentioned: “This dedication by CIC, one of many world’s largest sovereign wealth funds, is a testomony to Investcorp’s unparalleled franchise within the GCC and reinforces the belief positioned within the agency’s world platform and groups. We’re wanting ahead to constructing on this relationship and rising our partnership sooner or later.”
Dr. Bin Qi, Govt Vice President and Deputy CIO of CIC, mentioned: “As one of many world’s largest sovereign wealth funds, CIC has been actively investing in each developed and rising economies. In the course of the previous couple of years, now we have constructed a number of bilateral funds with main monetary establishments to facilitate industrial cooperation between China and main economies on this planet. At the moment we’re working intently with Investcorp to construct an analogous bilateral fund to strengthen monetary and industrial ties between China and GCC nations.”
Hazem Ben-Gacem, Co-CEO of Investcorp, commented, “We’re delighted to be partnering with CIC to take part within the financial transformation and funding alternatives introduced throughout the GCC. As a number one world different asset supervisor with roots within the GCC and a 40+ 12 months track-record throughout a number of asset lessons, Investcorp is completely positioned to facilitate cross border cooperation and investments between the GCC and China. This is step one in what we count on to be a fruitful relationship and we stay up for making vital constructive impacts on companies in each areas.”
The announcement of the Platform’s launch was made right this moment on the Investcorp’s China-GCC Funding and Enterprise Cooperation Summit in Riyadh.
