Observed Signal · May 9, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Investcorp Closes $570M Fund for Tech Investments
Investcorp has closed its Investcorp Technology Partners V (ITP V) fund at $570 million, exceeding its $500 million target. The fund targets software, data/analytics, cybersecurity, and fintech startups, focusing on controlling stakes in companies with around $10 million or more in revenues and positive EBITDA, requiring equity investments of $30-75 million. Investments have already begun, with recipients including VEDA, HWG Sababa, Zift Solutions, and NetRom. The fund continues Investcorp's mid-market technology investment strategy, leveraging the firm's global reach and $52 billion in assets under management.
Large private equity fund closing for tech investments, including data/analytics and MarTech-adjacent companies, signals capital availability for the broader tech ecosystem, but not directly AdTech-specific.
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Key Takeaways & Evidence Grounding
- Investcorp closed ITP V fund at $570 million, surpassing its $500 million target.
- The fund invests in software, data/analytics, cybersecurity, and fintech startups.
- Target investments range from $30-75 million in companies with $10M+ revenue and positive EBITDA.
- Initial investments include VEDA, HWG Sababa, Zift Solutions, and NetRom.
- Investcorp manages $52 billion in assets across 14 offices globally.
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