Mubasher: Investcorp, a leading provider and manager of alternative investment products, expected investment distributions of over $700 million to investors in the first quarter of the fiscal year 2017.
This follows a series of successful exits over the period and during the fiscal year that ended on June 30, 2016, according to a statement.
“Investcorp continues to deliver exceptional performance despite the challenging conditions in the markets we operate in,” Mohammed Alardhi, the Firm’s Executive Chairman, said.
“The last few months have seen an exceptionally active period for the Firm led by a number of successful exits that enabled us to further strengthen our financial position and deliver on our commitments to shareholders and clients,” Alardhi added.
