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.