The acquisition of warehouses in Saudi Arabia will be announced in the coming weeks, the executives told Reuters, without giving any details on the size of the investment.
“We concentrated on these sectors of family accommodation, which is a huge market in the United States, and industrial type of real estate,” he said in an interview during Abu Dhabi Finance Week.
Rishi Kapoor, Investcorp co-chief executive added that there is growing awareness among corporates globally to develop more resilient supply chains, fueling opportunities for investments in logistics distribution centers and warehouses for example.
Investcorp, which has $43 billion in assets, is growing its business in the Gulf Cooperation Council (GCC) region and Asia, but will stay committed to the U.S. market.
Investcorp led a $67 million investment earlier this month in India’s Global Dental Services, its fourth healthcare investment in the country.
It is also committed to China. In October, the company announced a $500 million fund with Fung Capital to be based out of Hong Kong and invest in mid-cap companies across China’s Greater Bay Area.
“Long term, nothing has changed in the fundamentals for China. We continue to invest in China,” Alardhi said, adding Investcorp will focus on technology, healthcare and consumer-related businesses there. (Reporting by Rachna Uppal; Editing by Alexander Smith)
