Bahraini Buyout Arm Raises US$500M For Third Private Equity Fund

Jan 28 2008 | 11:41am ET

London- and New York-based Investcorp Technology Partners has raised its third buyout fund, it said today.

Investcorp, the technology private equity division of Bahrain’s Investcorp, said that it raised US$500 million for ITP Fund III, easily topping its initial target of US$400 million and the US$300 million it raised for its second fund in 2005.

Like its first two offerings, which raised a total of US$510 million, ITP III will invest in small- and mid-sized technology companies in North America and Western Europe. Among its investors are the California Public Employees’ Retirement System and New York-based hedge fund QVT Financial.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...