Bahrain’s Investcorp might think about going public in 3 to 5 years and wants to attract money from US retirement savings
Investcorp, an alternative investment company based in Bahrain, might think about going public with an IPO in the next three to five years, according to its Vice Chairman and Chief Investment Officer, Rishi Kapoor.
Listing Plans
Kapoor said that it would take Investcorp around three to five years to grow to the right size, according to Reuters.
At the World Economic Forum in Davos, he mentioned that Investcorp could consider either London or New York for its public listing.
Investcorp recently listed its investment company on the Abu Dhabi Securities Exchange in November 2023, raising $450 million (AED 1.66 billion) by selling 32.85% of its total shares.
US Retirement Savings
Private equity worldwide has attracted investments from wealthy individuals and institutions, but it hasn’t yet tapped into the $12 trillion in US workers’ 401(k) retirement savings.
The industry plans to ask the Trump administration to allow 401(k) plans to include alternative investments, such as private equity, by classifying them as professionally managed funds, as reported by the Financial Times earlier this month.
Kapoor said that if this happens, Investcorp could take part either on its own or by partnering with others. “There’s a natural move toward making private market assets more available to everyone… and the next step would be for those assets to become part of the 401(k) system.”
Big numbers
Investcorp manages $53 billion in assets, spread across three continents, six types of investments, and various products. They plan to increase this amount to $100 billion in the near future. Its investment company, Investcorp Capital, is worth $1.2 billion as of January 24, 2025.
Published: 27th January 2025
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