#Bahrain's Investcorp seeks to raise up to $600 mln from investment vehicle IPO | Reuters

Bahrain's Investcorp seeks to raise up to $600 mln from investment vehicle IPO | Reuters

Middle East alternative asset manager Investcorp Holding is seeking to raise up to $600 million from the listing of an investment vehicle in Abu Dhabi this year, two sources with knowledge of the matter told Reuters.

Bahrain-based Investcorp is making preparations for a potential public share sale of Investcorp Capital, registered in the Abu Dhabi Global Market, the international financial centre in the capital of the United Arab Emirates.

The vehicle, which will operate as an independent company, will hold Investcorp's private market co-investments across assets including credit, real estate and private equity, said the sources, declining to be named as the matter is not public.

Investcorp is working with Goldman Sachs (GS.N), First Abu Dhabi Bank (FAB) (FAB.AD), Emirates NBD (ENBD.DU) and HSBC (HSBA.L) on the plan, the people said. Moelis & Co (MC.N) is acting as financial adviser, they said.

Bloomberg in March reported Investcorp was putting together a plan to list the vehicle.