Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman’s Pension Funds as part of its investment plan.
‘The Opportunities Fund’ will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of sectors. The deal was announced at an event hosted by the Ministry of Defense Pension Fund in Muscat.
Government funds are increasingly investing into private funds as they aim to strengthen their bottom line profits. Last year, the Saudi Arabia’s investment fund PIF and Abu Dhabi-based Mubadala invested $100 billion in Tokyo-headquartered Softbank Vision Fund.
Executive Chairman of Investcorp Mohammed Bin Mahfoodh Alardhi, who was the former Chief of Omani Air Force said “Oman is an important market for Investcorp and we are committed to playing an active role in supporting the development of its economy”
Investcorp is one of the largest fund managers in the region, with over $22 billion in assets under management. Aside from the Middle East, they have offices in London, New York and Singapore and primarily invests money for ultra-high net worth investors from the GCC in global markets. Their present portfolio includes more than 150 investments totaling over $36 billion in transaction value in private equity, over a billion a year in real estate and about $4 billion in alternative assets including hedge funds. In the first half of 2018, Investcorp’s profits rose by 16% to reach $55.3 million.
The Ministry of Defense Pension Fund is one of the largest pension funds in Oman and is a major investor in the local capital markets, both in equities and bonds. It is also a major participant in project investments and Real Estate investments. The fund is represented on the boards of several prominent Corporate in Oman.