Mubasher: Investcorp, a Bahraini leading global provider and manager of alternative investments, will launch a fund dedicated to Oman’s Pension Funds, according to a recent statement.
The Opportunities Fund is valued at $100 million and was announced at an event hosted by the Ministry of Defense Pension Fund in Muscat.
“The Fund will be focused on private equity investments in the US and Europe, targeting mid-sized companies across a broad range of sectors,” the statement added.
“Oman is an important market for Investcorp and we are committed to playing an active role in supporting the development of its economy. This commitment was reiterated earlier this year when we held our Board of Directors meeting for the first time here. It is also reaffirmed through our continuing collaboration with the Ministry of Defence Pension Fund”, the executive chairman of Investcorp, Mohammed Alardhi, said.
“The Fund will enable Omani pension funds to tap into investment opportunities in growth companies, sectors and markets,” he added.