Investcorp Collects More Than $1.2 Billion to Invest in North America

Alternative assets manager Investcorp Holdings has closed on more than $1.2 billion in commitments for its debut North America private-equity fund to make control investments in middle-market services businesses.

While Manama, Bahrain-based Investcorp has long backed North American midsize businesses, the new fund’s structure lets the firm broaden its investor base and take on larger deals in the region, said Dave Tayeh, head of private equity for North America.