Investcorp, a London, United Kingdom-based alternative investment firm, closed its Investcorp Technology Partners V fund, at $570m in total commitments.
The fund received commitments from new and existing LPs in Europe, North America, Asia, and the GCC. ITP V marks the continuation of Investcorp’s lower mid-market technology strategy, which was established more than 20 years ago to target growing B2B technology companies with proven products and end markets. ITP V will seek to invest in companies globally within software, data/analytics, cybersecurity and fintech. The fund will look to take controlling stakes in companies with around $10m or more in revenues and positive EBITDA that require equity investments of between $30-75m, often as the first institutional investor.
ITP V has already made four investments in companies that span each of the fund’s specific focus areas. These include:
- VEDA (HR software, Germany),
- HWG Sababa (cybersecurity, Italy),
- Zift Solutions (PRM software, USA), and
- NetRom (software engineering, the Netherlands).
ITP V is the successor to the $400m fund ITP IV, which invested in companies such as softgarden (HR software, Germany), Avira (cybersecurity, Germany), Ageras (accountancy software, Denmark), and Impero (education software, US).
Launched in 1982, Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management).
Today, the firm manages $52 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
FinSMEs
09/05/2024
