DAVOS, Switzerland, Jan 24 (Reuters) - Investcorp could consider a public listing in the next three to five years, its vice chairman said on Friday, as the Middle East's biggest alternative investment firm targets a doubling of its assets under management to $100 billion. Rishi Kapoor, who is also Investcorp's chief investment officer, told the Reuters Global Markets Forum , opens new tab that it could consider London or New York as a listing venue. There were "multiple paths" open to Investcorp, which floated its investment vehicle as a separate company on the Abu Dhabi stock exchange in 2023, Kapoor said on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
"Three to five years is appropriate for us ...
to build that scale. I think that puts us in a good spot ..
. to seek an opportunity to provide liquidity or value crystallization to our shareholders," he added. Investcorp, which was founded in 1982 in Bahrain, currently manages assets worth $55 billion.
It is best known for listing luxury goods brands such as Gucci and Tiffany & Co, but it has branched out into other areas, such as private credit. The alternative investment industry saw a flurry of deals last year as giants such as BlackRock (BLK.N) , opens new tab , General Atlantic and TPG (TPG.
O) , opens new tab sought acquisitions to grow and add new asset classes to their business. In the Middle East, the alternative investment business of National Bank of Kuwait was acquired by global a.
