Investcorp Strategic Capital Group Closes $1.25B for ISCP II

– Investcorp’s GP staking arm, Investcorp Strategic Capital Group (ISCG), closed commitments of over $1.25 billion to Investcorp Strategic Capital Partners II (ISCP II) and associated vehicles, including $1.1 billion in fund commitments and $155 million in co-investment capital.

– ISCP II’s fund size is over 75% larger than ISCP I, highlighting ISCG’s differentiated strategy and strong LP relationships.

– Following the ISCP II close, ISCG’s assets under management (AUM) total over $2.4 billion.

– Majority of existing ISCP I investors increased or maintained their commitments, with new investors added across Asia, Europe, Latin America, and the GCC.

– ISCG expanded its network of investors through Wealth Managers, Registered Investment Advisors, Single and Multi-Family Offices, and High Net Worth Individuals.

– $155 million committed by a subset of investors for co-investments, with ISCG offering co-investment opportunities in future ISCP II deals and facilitating LP allocations into Partner GP funds.

– ISCG supports middle-market GPs through fundraising, strategy and product development, and internal infrastructure enhancement, including generative AI, technology, operations, human capital, succession planning, and add-on acquisitions.

– ISCG has a dedicated seven-person internal capital formation team to assist Partner GP fundraising efforts.

– ISCG targets high-growth middle-market private capital managers managing $1–10 billion in assets.

– Since 2019, ISCG has backed over a dozen GPs investing in private equity, private credit, real assets, infrastructure, structured capital, and secondaries.

– ISCP II has made three investments so far, with a fourth expected later this year, including Monomoy Capital Partners, MML Capital Partners, Banner Ridge Partners, LP, and Vauban Infrastructure Partners.

– Combined AUM of Partner GPs across ISCP II and ISCP I exceeds $105 billion.
ISCG plans to construct a portfolio of approximately 10 Partner GPs for ISCP II, following a disciplined and diversified approach.

– Mohammed Bin Mahfoodh Alardhi , Executive Chairman of Investcorp, emphasized that the GP staking strategy reflects Investcorp’s 10-year growth approach, supporting talented GPs and expanding their capabilities globally.

Anthony Maniscalco, Managing Partner and Head of ISCG, highlighted the strong LP support, the strategy’s success, and ISCG’s role as an active, hands-on partner for middle-market GPs.

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