Private equity
Investcorp's traditional activity is private equity. This includes mid-size companies in North America, Western Europe and MENA including Turkey, as well as technology lower mid-cap investment,[28] through Investcorp Technology Partners.
In 2023, Investcorp closed its North American Private Equity Fund I at over $1.2 billion in capital commitments, focusing on control buy-out investments in middle market services businesses in North America.[29]
In 2024, the firm's Investcorp Technology Partners V (“ITP V”) fund closed at $570 million in total commitments, investing in companies globally within software, data/analytics, cybersecurity and fintech.[30] The first exit from the ITP V fund was announced in July 2025, with the launch of a single-asset continuation fund for the Italian cybersecurity firm HWG Sababa.[31]
The past and present portfolio includes over 175 investments.[32] Selected past investments include:
- Tiffany & Co. – retailers of jewelry and luxury goods – acquired 1984, floated 1987
- Gucci – designer, producer and distributor of luxury accessories and apparel – acquired from 1989 to 1993, floated 1996
- Leica Geosystems – measuring instrument manufacturer acquired 1998, floated 2000
- Circle K – chain of convenience stores – acquired 1993, sold 1996
- Jostens – US provider of school-related affinity products – acquired 2000, sold 2003
- Neptune Technology Group – US manufacturer of water meters – acquired 2001, sold 2003[33]
- MW Manufacturers – a US maker of windows and patio doors – acquired 2002, sold 2004[34]
- Hilding Anders – European mattress and bed manufacturer – acquired 2003, sold 2006[35]
Real Assets
The real estate division,[60] which expanded in 2024 to include both Real Estate and Infrastructure,[58] is based in New York and London. This line of business sources and performs due diligence, and arranges financing and the acquisition of US and European properties and US commercial mortgage debt positions. The investment in these properties or loans is typically aggregated into a series of multi-investment portfolios for placement to clients. Since 1996, Investcorp has acquired over 1,400 properties for a total value of approximately $26billion.[61] Investcorp is among the top 5 largest cross-border buyers of US real estate, according to Real Capital Analytics (RCA).[61]
In 2025, Investcorp was listed as one of the world's largest private real estate companies by PERE,[62] and one of the world's largest private equity firms by Private Equity International.
Absolute Return Investments
Established in 1996, Investcorp's Absolute Return Investments business grew to an approximate value of $3.5 billion capital under management,[69] out of which approximately $0.2 billion is reserved for proprietary investments.[70] The Absolute Return Investments business provides institutional investors with access to its emerging manager program, investing with and seeding early-stage managers who, according to Investcorp research, outperform larger hedge funds on a risk-adjusted basis.[71] In 2020, Investcorp merged its Absolute Return Investments business with Tages Group, a European alternative asset management firm, creating a 50/50 joint venture.[72]
Credit management
Investcorp Credit Management was formed after the acquisition and integration of the debt management business of 3i (“3iDM”) in 2017.[73] Investcorp Credit Management has assets under management of over $22 billion.[74] Based in London, New York, and Singapore, they manage funds that invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US.
Investcorp Insurance
In October 2021, the company launched its Investcorp Insurance Solutions platform which provides investment management services to meet the unique investment needs of insurers.[75]
Recent exits
In April 2025, Investcorp announced it had sold its US industrial real estate portfolio, with a 40% gain over its initial purchase price.[76] Similarly, in May 2025, Investcorp announced it had exited 12 residential multiple-occupancy real estate assets across five states in the US. The exit was achieved at a premium, with an aggregate price of $550 million.[77]
In May 2025, Investcorp completed its exit from Indian value-fashion retailer Citykart, selling its entire stake to TPG NewQuest and A91 Partners.[78]
In April 2025, Investcorp completed the sale of Resa Power to Kohlberg. Resa Power, a power systems provider and electrical testing solutions provider that has seen its revenue increase fourfold since its acquisition in 2021. This exit was the first from Investcorp's $1.2 billion North America Private Equity Fund I.[79]
In February 2025, Investcorp agreed to sell its majority stake in Contentserv, an AI-powered Product Information Management and Product Experience management provider.[80]
