• Bahrain-based alternative asset manager Investcorp has concluded the final closing of its Investcorp Technology Partners V (ITP V) fund, with a total of $570 million in commitments from both new and existing Limited Partners (LPs) across Europe, North America, Asia, and the GCC.
• ITP V aims to secure controlling stakes through equity investments ranging between $30 and $75 million, often as the primary institutional investor, across sectors such as software, data and analytics, cybersecurity, and fintech. 
• ITP V has already invested in multiple companies, including the German HR software firm VEDA, the Italian cybersecurity HWG Sababa, the American Partner Relationship Management (PRM) software firm Zift Solutions, and the Netherlands’ software engineering firm NetRom.

Source: Inc.Arabia

Investcorp, a Bahraini alternative investment firm, has concluded the final closing of its Investcorp Technology Partners V (ITP V) fund, with a total of $570 million in commitments. This figure surpasses the initial target of $500 million, with contributions from both new and existing Limited Partners (LPs) across Europe, North America, Asia, and the GCC.

The fund is poised to invest globally across sectors such as software, data and analytics, cybersecurity, and fintech. Targeting companies with revenues of approximately $10 million or more and positive earnings before interest, taxes, depreciation, and amortisation (EBITDA), ITP V aims to secure controlling stakes through equity investments ranging between $30 and $75 million, often as the primary institutional investor.

Already, ITP V has embarked on its investment journey, with four ventures spanning its designated focus areas. These include the German HR software firm VEDA, the Italian cybersecurity HWG Sababa, the American Partner Relationship Management (PRM) software firm Zift Solutions, and the Netherlands’ software engineering firm NetRom.

ITP V follows in the footsteps of its predecessor, the $400 million ITP IV fund, which invested in companies such as German HR software firm Softgarden, the German cybersecurity firm Avira, Denmark’s accountancy software firm Ageras, and US education software Impero.

In April, Investcorp and China Investment Corporation (CIC) launched Investcorp Golden Horizon to invest in high-growth companies across Saudi Arabia, the rest of the GCC, and China.