Investcorp establishes $1bn investment fund, Golden Horizon, backed by China's CIC, targeting Persian Gulf and China companies.
Investcorp, the largest alternative asset manager in the Middle East, is setting up a $1bn investment fund backed by China's sovereign wealth fund, CIC. The Golden Horizon Fund will invest in companies across the Persian Gulf and China, while also including Investcorp's Pre-IPO Growth Fund, launched in 2021. This move reflects the growing trade ties between Gulf oil exporters and China, and demonstrates CIC's active involvement in both developed and emerging economies.
April 24, 2024
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