Investcorp launches in India

Investcorp, a global provider and manager of alternative investment products, has launched operations in India with the imminent completion of its first deal, the acquisition of the private equity and real estate investment management businesses of IDFC Alternatives, a subsidiary of IDFC.

“Our first direct investment into the Indian market is a major milestone for our business, which also marks our focused expansion into Asia,” said Mohammed Alardhi, executive chairman of Investcorp. “IDFC is a well-recognized brand and a fantastic addition to Investcorp’s portfolio from an investor perspective. This acquisition will be instrumental in our plans to grow our investments into the country as part of our wider Asia strategy.”

The acquisition has already received the required regulatory approvals from the Securities and Exchange Board of India.

“We are entering the Indian market at an important time in its growth trajectory,” says Rishi Kapoor, co-CEO o