$526 million investment venture, with capacity for approximately $1.5 billion of buying power, to focus on industrial real estate in the U.S.
India, — March 20, 2024: Investcorp, a leading global alternative investment firm, in partnership with two leading sovereign wealth funds, announced the formation of a new $526 million venture focused on acquiring industrial real estate assets in the United States. The new venture will build on the success and strategy of the initial venture that was established in November 2021. Across both ventures, the two sovereign wealth funds, alongside Investcorp, have committed over $1 billion of equity over the past 2.5 years to acquire industrial real estate.
Executive Chairman of Investcorp, Mohammed Alardhi, commented: “This commitment by two of the world’s most reputable sovereign wealth funds underscores the deep trust in our Real Estate platform and teams. We remain strategically focused on maximizing value in the U.S. market, reinforcing our commitment to delivering robust growth opportunities for global investors and shareholders. Building upon the achievements of our prior collaboration, we’re set to expand our presence in this high-potential sector and look forward to additional avenues for growth.”
Investcorp’s industrial real estate holdings in the U.S. currently comprise $5.1 billion across 43 million square feet. This new venture will provide Investcorp with the ability to meaningfully increase its U.S. industrial market presence.
“The U.S. industrial sector continues to exhibit strong fundamentals, and we continue to see attractive opportunities to expand our investments in the last-mile subset of this asset class,” said Herb Myers, Co-Head of Real Estate, United States for Investcorp. “In particular, ecommerce, the rapid growth of nearshoring trends, and U.S. fiscal policy and government spending continue to drive record demand for last-mile facilities located near large and growing population centers. In addition, the assets we will be targeting for this venture remain largely insulated from the supply issues impacting big-box industrial warehouses.”
Since 1996, Investcorp has acquired over 1,300 properties for a total value of over $25 billion. Investcorp’s U.S. real estate strategy invests primarily in the industrial and residential sectors and today 98% of the firm’s $9.2 billion U.S. portfolio consists of these property types. According to Real Capital Analytics, Investcorp is among the top-5 largest cross-border buyers of U.S. real estate and U.S. industrial real estate over the past five full years.
About Investcorp
Investcorp is a global investment manager, specializing in alternative investments across real estate, private equity, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Since inception in 1982, Investcorp has focused on generating attractive returns for its clients, while creating long-term value in its portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach.
The firm invests capital in our products and strategies, ensuring that interests are aligned with investors and stakeholders in pursuit of sustainable value creation through its investments and in the communities in which it operates. The firm takes pride in partnering with clients to deliver tailored solutions for their needs.
Today, Investcorp manages $52 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
For further information, visit https://www.investcorp.com and follow @Investcorp on LinkedIn, X and Instagram.
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
