Investcorp, in partnership with two leading sovereign wealth funds, has formed a new venture focused on acquiring industrial real estate assets in the United States.

The new venture will build on the success and strategy of the initial venture that was established in November 2021. Across both ventures, the two sovereign wealth funds, alongside Investcorp, have committed more than $1 billion of equity during the past 2.5 years to acquire industrial real estate.

“We remain strategically focused on maximizing value in the U.S. market, reinforcing our commitment to delivering robust growth opportunities for global investors and shareholders,” says Mohammed Alardhi, executive chairman of Investcorp. Herb Myers, co-head of real estate, United States for Investcorp, added, “We continue to see attractive opportunities to expand our investments in the last-mile subset of this asset class. In particular, ecommerce, the rapid growth of nearshoring trends, and U.S. fi