NEW YORK: Investcorp, the Bahrain-based company that counts Mubadala Investment Company as its biggest shareholder, formed a partnership with a US advisory and merchant banking firm to jointly invest and pick up stakes in asset management companies.
Investcorp’s Strategic Capital Group founded last year to acquire minority stakes in established mid-sized alternative asset managers, including private equity, private debt, real estate, venture capital and hedge fund managers, entered into the partnership with Dock Square Capital - a firm founded by former Florida Governor Jeb Bush, report agencies.“Our partnership with Dock Square will allow us to establish and deepen our relationships with top alternative investment managers,” said Rishi Kapoor, co-chief executive of Investcorp. “They will further act as a resource for managers as we work with them to expand their franchise and enhance their longevity.”
Mr Bush, who is also the second son of former president George H W Bush, will serve on SCG’s strategic advisory board and Dock Square will act as a resource to SCG through its network and expertise across government, financial services and executive management in the US, Investcorp said.
Investcorp's SCG is being led by managing partner Anthony Maniscalco, who joined the company along with a team from Credit Suisse's Anteil Capital Partners in October 2018.