A total of $570 million in commitments were made during the final closing of Investcorp Technology Partners V (ITP V), a Bahraini alternative investment firm. This amount exceeds the $500 million initial goal thanks to contributions from both new and current Limited Partners (LPs) in the GCC, North America, Asia, and Europe.
The fund is ready to make international investments in industries including fintech, cybersecurity, data and analytics, and software. ITP V seeks to acquire controlling stakes through equity investments ranging from $30 to $75 million, frequently as the primary institutional investor, by focusing on companies with revenues of roughly $10 million or more and positive earnings before interest, taxes, depreciation, and amortisation (EBITDA).
With four ventures covering its designated focus areas, ITP V has already started its investment journey. The Italian cybersecurity company HWG Sababa, the German HR software company VEDA, the American Partner Relationship Management (PRM) software company Zift Solutions, and the Dutch software engineering company NetRom are a few examples.
ITP V continues the legacy of its $400 million predecessor, the $400 million ITP IV fund, which made investments in businesses like US education software Impero, Danish accounting software Ageras, German cybersecurity company Avira, and German HR software Softgarden.
China Investment Corporation (CIC) and Investcorp introduced Investcorp Golden Horizon in April with the goal of investing in fast-growing businesses in China, the GCC, and Saudi Arabia.
