Investcorp Secures $110M PE Mandate from KWAP

Investcorp, a prominent Bahrain-based alternative investment firm, was selected by Malaysia's Kumpulan Wang Persaraan (KWAP) to manage a $110 million special managed account (SMA) focused on private equity investments. KWAP, one of Malaysia's largest pension funds with over $36 billion in assets under management, chose Investcorp from a competitive field of over 100 global private equity firms. The investment strategy will primarily target opportunities in Southeast Asia, with a sizeable allocation to Europe. This engagement reflects Investcorp's strong momentum in Asia, having raised over $2.2 billion from institutional investors over the past 18 months. Key initiatives include a joint venture with sovereign wealth funds to acquire U.S. industrial real estate, cornerstone investments in the Investcorp Golden Horizon platform, and funding for CLOs in the U.S. and Europe as well as the Investcorp India Growth Equity Fund. Investcorp is committed to delivering strong returns under this new mandate and sees significant potential growth in the Asian markets.