IBK keeps its interest in manufacturing and tech

The Kuwaiti bank aims at regional manufacturing and technology investment opportunities.

Industrial Bank of Kuwait (IBK) revealed that it mainly invests in PE buyout funds, with pan-regional manufacturing-focused mandates. It also targets late-stage and growth venture capital funds to invest in technology sector.

IBK is now only investing in selective re-ups with existing managers.

It is currently allocating 10 percent to alternative investment which includes private equity and infrastructure.

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