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New York Alternatives Symposium NEWSLETTER // NOVEMBER 2019 NEW YORK ALTERNATIVES SYMPOSIUM INSIDE Interview with Professor Strengthening A more global and Acquisition of Strategic Capital Fredrick Ma Si-Hang Ties with Asia diversified firm Vivaticket Launch REVIEW CONTENTS 12 16 Investcorp Hosts David Rubenstein 19 24 Advancing our Global White Paper: Liquidity Options for Vivaticket Contentserv Real Estate Strategy Family-Run Businesses 19 // Around the Globe · Investcorp Hosts David Rubenstein · New York Alternatives Symposium 10 // Acquisitions 04 // Co-CEOs Message · North American Family Investment & · Vivaticket Delivering Growth with Diversification Alternatives Conference · Contentserv · 16th Annual Consortium Diverse + · Strategic Capital Launch and Partnership Women Managers Conference 05 // Letter from the Executive Chairman with Dock Square Capital · Milken Institute Asia Summit Dynamic, Global and Counter-Cyclical · Mercury Capital Advisors · Milken Global Conference 10 · Bewakoof.com · India Economic Summit 06 // 2019 Fiscal Year Results · Maiden India fund Strategy garners momentum, leading to solid 24 // White Paper FY 2019 financial results 15 // Exits Liquidity for Family-Run Businesses · Wrench 07 // A More Global and Diversified Firm · SecureLink 26 // Awards and Rankings · Investcorp Welcomes six new board members · Rasha Sabkar Named one of 50 Most · International Advisory Board Adds Two Members 16 // Real Estate Influential Women in Middle East Finance · Advancing our Global Real Estate Strategy · Co-CEO Rishi Kapoor Recognized as 08 // Interview · Airport Centre Top Leader by Forbes Professor Frederick Ma Si-Hang · Lyoner Stern · Sonia Jenkins wins Financial Times essay competition 09 // Strengthening Ties with Asia 18 // Credit Management · Investcorp Awarded “Best Seeding Platform” · Acquisition of CMIP by Hedgeweek CO-CEOS MESSAGE LETTER FROM THE EXECUTIVE CHAIRMAN Delivering Growth Dynamic, Global and with Diversification Counter-Cyclical Our Firm’s results in fiscal year 2019 We enter fiscal year 2020 during a critical operational results. More importantly, demonstrate continued solid execution period for the alternative assets industry our performance demonstrates the on our strategic and financial priorities. both in terms of clients’ demands and consistency of our expansion as we expectations. Changing market dynamics apply our proven investment and We are pleased to have achieved are influencing some investors to turn operating approach across a broader set numerous “firsts” for Investcorp and set defensive and introducing new challenges of geographies and products. multi-year highs across several metrics. and uncertainties. Today, Investcorp is better positioned We partnered with industry leaders, than ever to support our clients as Today, more than ever before, the onus invested in companies with exceptional Rishi Kapoor Hazem Ben-Gacem Mohammed Alardhi we continue to expand and diversify is on alternative investors and fund growth potential and incredibly bright Co-Chief Executive Officer Co-Chief Executive Officer Executive Chairman our offerings across asset classes and managers to not only put capital to work minds and continue to be generally geographies. Our proven and disciplined but to source suitable investments, exits bullish towards our core markets. investment approach continues to drive in Asia through the acquisition of a end, of Mercury Capital Advisors, and and value enhancing opportunities across Additionally, I am proud to welcome our success as we institutionalize our highly reputable private equity and real diversified our sources of capital through different investment cycles. To act as Professor Frederick Ma Si-Hang, the products globally, creating value for our estate platform from IDFC in India. the creation of a European private equity a true advisor and partner to clients. former Chairman of MTR Corporation, clients and shareholders. This strategic transaction will enable buyout fund with Coller Capital as an This is what has and will continue to set and Frances Townsend, EVP, Worldwide our clients to benefit from a well anchor investor. Investcorp apart as a principal investor, Government, Legal and Business Affairs Top line revenue in FY 2019 grew to established investment capability in deploying our own capital and bringing of MacAndrews & Forbes and former $453 million supported by double Our achievements in fiscal year 2019 one of the fastest growing and dynamic clients the best investment ideas and chair of the Homeland Security Council digit growth in fee income which, in will position us to create and deliver emerging economies in the world. We solutions for their risk and return profiles. under President George W. Bush, to turn, was primarily driven by an active significant value to our investors and also made our debut direct investment the Firm’s International Advisory Board. period investment and realization shareholders over the long term. We We have a strong balance sheet, ample into China with the offering of a Chinese Professor Ma and Ms. Townsend will play activity across our primary transactional look forward to building upon our liquidity, and our asset classes are more tech investment fund in partnership key roles in capitalizing on our significant businesses, including private equity momentum in fiscal year 2020 and diversified than ever, both in terms of with China Everbright. Additionally, we growth opportunities in Asia and the U.S. and real estate. Net income of $131 beyond as we continue to scale our geographies and products. We have a added infrastructure as our fifth broad million was the highest since 2011. We businesses globally. We thank you for long track record of delivering value, Our roadmap is clear, our focus is on product line, by launching our first GCC also experienced broad based growth your support and confidence in our Firm irrespective of market conditions, the long term and our commitment to infrastructure investment fund through in AUM. As of June 30, 2019, total as well as our highly talented team of because of how we manage risk and grow across all our business lines is a joint venture with Aberdeen Standard. AUM increased by $1.9 billion to $28.2 more than 400 dedicated professionals position our businesses to benefit from unwavering. We are well-positioned We also expanded our suite of offerings billion. The Firm experienced a record that help drive our success. all countercyclical market opportunities. to capitalize on our significant growth to include private banking through the level of deal by deal placement of $1.4 opportunities and are confident in our acquisition of a significant stake in Over the course of the year, we billion, illustrating strong client demand ability to achieve our objectives in Geneva-based Banque Paris Bertrand, intensified our commitment to our for our offerings. We continued the FY 2020 and beyond. and mid-market lending through the strategic growth initiatives to continue globalization of our distribution reach acquisition, after the 2019 fiscal year delivering robust financial results for and capability with fundraising outside end, of US-based CM Investment our shareholders, extracting more value of the Gulf comprising over $4.3 billion Rishi Kapoor Hazem Ben-Gacem Partners which is the manager of a from our investments and offering our out of total fundraising during FY 2019 Co-Chief Executive Co-Chief Executive publicly listed business development clients exceptional returns and bespoke of $5.7 billion. Officer Officer company. We meaningfully accelerated advisory. The successful execution on Mohammed Alardhi During the year, we also made and enhanced our understanding and our strategy to evolve our business Executive Chairman meaningful progress on several reach into the global institutional as a global, diversified and holistic important strategic initiatives. We investor market through the strategic alternative asset management firm expanded our investment footprint acquisition, after the 2019 fiscal year has yielded impressive financial and 4 THE REVIEW // NOVEMBER 2019 5 RESULTS A MORE GLOBAL AND DIVERSIFIED FIRM Investcorp Welcomes six new board members Dr. Mazen Fakeeh Gregory Kam Leung So Six new members were elected to Investcorp’s Board during the Ordinary General Meeting, which was held on September 23rd, and chaired by Investcorp’s Chairman of the Board, Dr. Yousef Al- 2019 Ebraheem, and its Executive Chairman, Mohammed Alardhi. The newest members to the Board include: Joachim Faber, Dr. Mazen Fakeeh, John William Fraser, Sir Gerry Grimstone, Fiscal Year H.E. Eng. Abdullatif Al Othman, and Gregory Kam Leung So. H.E. Eng. Abdullatif Al Othman Joachim Faber Welcoming the new board members, Mohammed Alardhi said: Results “We are pleased to welcome the new directors to our Board. We look forward to working closely together and are confident that their wealth of experience will contribute to our Firm’s success as we continue to deliver on our strategy in FY 2020 and beyond. We are also pleased to report that nine of our existing Board members continue to serve as members of our new Board of Directors.” John William Fraser Sir Gerry Grimstome Jan Erik Back Chief Financial Officer Over the last six months, Investcorp’s by geography, asset class and investor International Advisory Board (IIAB) type, particularly in Asia where we see Strategy garners momentum, leading to In FY 2019 Investcorp’s net income Over the course of the year, appointed two new prominent leaders; tremendous growth opportunities.”
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