Global alternative investment firm Investcorp has joined forces with two sovereign wealth funds to launch a new $526 million venture aimed at acquiring industrial real estate assets across the United States.
This venture marks a continuation of the strategy laid out by the initial venture that was established in November 2021.
Across both ventures, the two sovereign wealth funds, alongside Investcorp, have committed over $1 billion of equity over the past 2.5 years to acquire industrial real estate.
Executive Chairman of Investcorp, Mohammed Alardhi, commented: “This commitment by two of the world’s most reputable sovereign wealth funds underscores the deep trust in our Real Estate platform and teams. We remain strategically focused on maximizing value in the U.S. market, reinforcing our commitment to delivering robust growth opportunities for global investors and shareholders. Building upon the achievements of our prior collaboration, we’re set to expand our presence in this high-potential sector and look forward to additional avenues for growth.”
Investcorp’s industrial real estate holdings in the U.S. currently comprise $5.1 billion across 43 million square feet. This new venture will provide Investcorp with the ability to meaningfully increase its U.S. industrial market presence.
“The U.S. industrial sector continues to exhibit strong fundamentals, and we continue to see attractive opportunities to expand our investments in the last-mile subset of this asset class,” said Herb Myers, Co-Head of Real Estate, United States for Investcorp. “In particular, ecommerce, the rapid growth of nearshoring trends, and U.S. fiscal policy and government spending continue to drive record demand for last-mile facilities located near large and growing population centers. In addition, the assets we will be targeting for this venture remain largely insulated from the supply issues impacting big-box industrial warehouses.”
