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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