– The Investcorp Technology Partners (ITP V) fund, managed by Bahrain’s Investcorp, successfully closes at $570 million, exceeding its initial target of $500 million.

– The fund attracts commitments from a diverse range of new and existing limited partners (LPs) across Europe, North America, Asia, and the GCC, reflecting strong investor confidence.

– ITP V focuses on investing in global sectors such as software, data analytics, cybersecurity, and fintech, targeting companies with values of $10 million or more and investments ranging from $30-75 million. Notable investments include VEDA, HWG Sababa, Zift Solutions, and NetRom.

Bahrain’s Investcorp, an alternative asset manager, has announced the successful closure of its Investcorp Technology Partners (ITP V) fund, reaching a total of $570 million. 

This surpasses the fund’s initial target of $500 million, with contributions from both new and existing limited partners (LPs) across Europe, North America, Asia, and the GCC.

ITP V is poised to invest in global sectors such as software, data analytics, cybersecurity, and fintech, focusing on acquiring controlling stakes in companies valued at $10 million or more. These investments typically range between $30-75 million, as outlined in a statement by the company.

Among the investments already undertaken by ITP V are German HR software company VEDA, Italian cybersecurity platform HWG Sababa, as well as US-based Zift Solutions and Netherlands-based NetRom.