Latest news with #InvestcorpCapital
Arabian Post
3 days ago
- Business
- Arabian Post
Investcorp Capital Divests $550 Million in US Multifamily Properties Amid Market Adjustments
Investcorp Capital, the Abu Dhabi Securities Exchange-listed alternative investment firm, has concluded the sale of 12 multifamily residential properties across five US states for approximately $550 million. The transactions, executed over several months beginning in 2024, encompassed the complete liquidation of a multifamily portfolio. Despite prevailing challenges in the US housing market, including elevated mortgage rates and economic uncertainties, the firm reported securing the exits at a premium. This outcome underscores the resilience of the underlying assets and Investcorp's adeptness in navigating complex investment landscapes. The divested properties, averaging a 94% occupancy rate, are situated in key rental markets such as Atlanta, Philadelphia, Raleigh, St. Louis, Tampa, and Orlando. Notably, the final transaction involved the sale of a 432-unit garden-style apartment community in Atlanta, completed at the end of February 2025. ADVERTISEMENT Interim CEO Mohamed Aamer highlighted the enduring appeal of the multifamily sector, stating, 'Though rent growth has cooled from the highs we saw in recent years, the long-term fundamentals supporting the multifamily sector remain compelling.' He emphasized the firm's commitment to identifying opportunities that deliver value to shareholders. Investcorp Capital's strategic focus on real estate is evident, with nearly 98% of its portfolio comprising industrial or residential properties. According to Real Capital Analytics, the firm ranks among the top five cross-border buyers of US real estate over the past five years.
Mid East Info
13-05-2025
- Business
- Mid East Info
Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025'). Q3 2025 Highlights: • YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million. • $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate. • Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024. • Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets. • Strong cash distributable earnings. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.' Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.' Operational Highlights: In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals. Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America. Capital Deployment: The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure. Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital. Capital Financing Services: Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs. Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million. Outlook: The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital.
Al Bawaba
13-05-2025
- Business
- Al Bawaba
Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025'). Q3 2025 Highlights: • YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million.• $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate.• Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024.• Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets.• Strong cash distributable earnings. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.' Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.' Operational Highlights In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals. Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America. Capital Deployment The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure. Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital. Capital Financing Services Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs. Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million. Outlook The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital. © 2000 - 2025 Al Bawaba (
Mid East Info
08-04-2025
- Business
- Mid East Info
Investcorp Capital Delivers Returns to Shareholders Through the $360 Million Sale of its US Industrial Real Estate Portfolio
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce the sale of its U.S. National I Portfolio (the 'Portfolio'). Highlights: The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years ago. The Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period. Returns for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%. The sold portfolio investments included: Tempe Commerce Park: ~536,000 square feet across 5 buildings Minneapolis Industrial Portfolio: ~616,000 square feet across 16 buildings Florida Industrial Portfolio: ~512,000 square feet across 13 buildings California Industrial Portfolio: ~303,000 square feet in one building New Jersey Industrial Portfolio: ~174,000 square feet across 3 buildings Nevada Industrial Portfolio: ~165,000 square feet in one building Commenting on the transaction, Interim Chief Executive Officer, Mohamed Aamer, said: ' We are pleased to have capitalized on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders. The continued prevalence of e-commerce , along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. W e continue to see further opportunities within the sector.' Properties in the Portfolio reside in top industrial submarkets with resilient demand. The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the Company's ability to add long-term value despite fluctuating economic environments. About Investcorp Capital plc: Investcorp Capital is an investor in private markets and alternative investment opportunities. It offers investors exposure to a global portfolio of investments across various asset classes, including those that have been and will continue to be carefully selected by Investcorp Group. Investcorp Capital covers strategies across corporate investments, global credit, real assets and strategic capital, to generate value and recurring income by receiving dividends, collecting rents, financing fees and interest. Investcorp Capital was founded by Investcorp Group, a leading independent manager of alternative investments, with over $55 billion in assets under management (including assets managed by third parties). Investcorp Group has over four decades of experience and expertise in delivering attractive and consistent returns across multiple strategies, sectors and geographies.
Zawya
08-04-2025
- Business
- Zawya
Investcorp Capital delivers returns to shareholders through the $360mln sale of its US industrial real estate portfolio
Abu Dhabi – Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: ' ICAP '), an investor in private markets and alternative investment opportunities, is pleased to announce the sale of its U.S. National I Portfolio (the ' Portfolio '). Highlights The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years ago. The Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period. Returns for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%. The sold portfolio investments included: Tempe Commerce Park: ~536,000 square feet across 5 buildings Minneapolis Industrial Portfolio: ~616,000 square feet across 16 buildings Florida Industrial Portfolio: ~512,000 square feet across 13 buildings California Industrial Portfolio: ~303,000 square feet in one building New Jersey Industrial Portfolio: ~174,000 square feet across 3 buildings Nevada Industrial Portfolio: ~165,000 square feet in one building Commenting on the transaction, Interim Chief Executive Officer, Mohamed Aamer, said: ' We are pleased to have capitalized on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders. The continued prevalence of e-commerce, along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. We continue to see further opportunities within the sector.' Properties in the Portfolio reside in top industrial submarkets with resilient demand. The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the Company's ability to add long-term value despite fluctuating economic environments. About Investcorp Capital plc Investcorp Capital is an investor in private markets and alternative investment opportunities. It offers investors exposure to a global portfolio of investments across various asset classes, including those that have been and will continue to be carefully selected by Investcorp Group. Investcorp Capital covers strategies across corporate investments, global credit, real assets and strategic capital, to generate value and recurring income by receiving dividends, collecting rents, financing fees and interest. Investcorp Capital was founded by Investcorp Group, a leading independent manager of alternative investments, with over $55 billion in assets under management (including assets managed by third parties). Investcorp Group has over four decades of experience and expertise in delivering attractive and consistent returns across multiple strategies, sectors and geographies. Investcorp Capital is listed on the Abu Dhabi Securities Exchange (ADX) under the symbol 'ICAP'. For more information, please visit
