Investcorp commits $250m

The Manama, Bahrain-based alternative investments manager has made its first private equity investment in China.

Investcorp has made $250 million investment in China Everbright’s New Economy Fund. The investment consisted of $150 million to the fund itself and $100 million to co-investment rights alongside the fund.

This is the firm’s first private equity investment in China since its inception.

The firm has $22.6 billion in assets under management across private equity, real estate, credit and hedge funds, as of June 2018.

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