Saudi PIF Commits Up to $160 Million to Gulf Infrastructure Fund – Bloomberg

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The infrastructure fund is part of Investcorp’s plans to boost its assets under management to $50 billion. It’s also planning to begin raising a $500 million Saudi investment fund later this year, co-Chief Executive Officer Hazem Ben-Gacem told Bloomberg earlier this month.

Investcorp is also currently raising a $1 billion North American private equity fund to do bigger buyouts there, people familiar with the matter told Bloomberg in March. The private equity firm is currently in the process of delisting from the Bahrain stock exchange.

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