Sunday, 2 August 2015
Last updated 1 day ago
Sep 23 2008 | 2:00am ET
Global alternative investment firm Investcorp has launched the Investcorp Real Estate Credit Fund, a US$1 billion investment vehicle. The fund acquires whole loans, mezzanine loans, and commercial mortgage-backed securities collateralized by commercial and residential real estate assets throughout the U.S.
A sovereign wealth fund from the Gulf region has committed US$850 million to the vehicle, and Investcorp has committed a further US$150 million.
Mazin Al Khatib, managing director at Investcorp, said the firm sees “strong opportunities for strong returns throughout the U.S. real estate lending markets.”
Investcorp currently manages more than $17 billion in private equity, hedge funds, real estate and technology investments. It is publicly traded on the Bahrain Stock Exchange and the London Stock Exchange.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…