Investcorp to double infrastructure assets

Capital injection: An aircraft lands at John F. Kennedy Airport in New York. Investcorp has secured a deal to make an equity investment in the development of Terminal 6 at the airport, a project that is being led by Vantage. — AFP

DAVOS: Investcorp Holdings, the Middle East’s biggest alternative investment firm, aims to double its infrastructure assets under management to US$10bil over the next five years.

As part of the expansion, Bahrain-based Investcorp also is looking to raise a dedicated US$1.5bil infrastructure fund to invest globally, co-chief executive officer Hazem Ben-Gacem said in an interview at the World Economic Forum in Davos, Switzerland.