Investcorp Acquires 50% Stake in Corsair Capital's $4.8 Billion Infrastructure Business

Bahrain-based asset manager Investcorp, with Mubadala Investment Company as its major shareholder, has acquired a 50% stake in the $4.8 billion infrastructure business of New York-based private equity firm Corsair Capital.

The two entities have formed a new venture, Investcorp Corsair Infrastructure Partners, to pursue a distinctive and scalable investment strategy in transport, logistics, and related infrastructure subsectors, according to a joint statement released on Monday (11/12).

Investcorp Corsair will actively manage the existing funds, investments, and team of the infrastructure business, emphasizing a global expansion strategy to enhance investments worldwide.

Hari Rajan, Corsair's current partner and head of infrastructure, will transition to become the managing partner of Investcorp Corsair, bringing his expertise to drive the venture forward.

"This investment enhances our strategic capabilities in the global infrastructure sector," stated Mohammed Alardhi, Executive Chairman of Investcorp.

Founded in 1982, Investcorp has evolved into a leading alternative asset management company in the region, boasting nearly $50 billion in assets under management, including third-party-managed funds.

The company, with 14 offices spanning the US, Europe, the Middle East, and Asia, including India, China, Japan, and Singapore, is aggressively expanding with the goal of doubling its assets under management to $100 billion in the coming years.

The collaboration between Investcorp and Corsair signals a significant step in the expansion and diversification of their investment portfolios within the dynamic infrastructure sector.

Fareed Rahman / The National