Investcorp Capital invests $280m in growth sectors

Alamy/David Grossman via Reuters

Bahrain’s Investcorp Capital has announced investments exceeded $280 million across various asset classes in the last six months.

These potential growth sectors included real estate, infrastructure and corporate investments.

The funding aligns with the company’s strategy to pay at least 8 percent dividends in semi-annual instalments, the company said in a bourse filing on Monday.

The company acquired two student housing properties at the University of Florida and the University of Texas at Austin for $160 million, three US industrial acquisitions for $300 million, as well as a buyout of Stowe Family Law and accounting company PKF O’Connor Davies in the US.

Mohammed Alardhi, executive chairman of Investcorp Capital, said there was strong activity across the company’s portfolio in diverse geographies, which ensured allocations towards assets with attractive return profiles.

Chief financial officer Rohit Nanda said that these strategic investments were made in industries that show potential for consistent risk-adjusted returns due to positive tailwinds.

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In April, Investcorp Capital announced plans to fund the $4.2 billion redevelopment of terminal 6 at New York’s JFK International Airport.

Listed in Abu Dhabi, Investcorp unveiled a new $526 million venture in March to acquire industrial real estate assets in the US.

Since 1996, it has acquired over 1,300 properties with a total value of over $25 billion.