Investcorp Closes North America Private Equity Fund at $1.22 Billion

Bahrain-based alternative investment manager Investcorp has closed its second North American private equity fund at $1.22 billion, exceeding its $1.1 billion target.

The NAPE Fund II attracted commitments from institutional investors across North America, Europe, the Middle East, and Asia, expanding Investcorp’s capital base across multiple regions.

Fund Targets Services Businesses

NAPE Fund II focuses on companies operating in the professional and commercial services sectors.

The fund targets businesses generating between $10 million and $50 million in EBITDA, giving it a defined focus on established companies.

Investcorp Deploys Fund Capital

NAPE Fund II has already deployed capital into two businesses: Guardian Fire Services, a fire protection services provider, and Berger Financial Group, a US wealth management firm.

The $1.22 billion close marks the latest expansion of Investcorp’s North American private equity strategy, following the fund’s successful completion above its original target.