Bahrain-based Investcorp, renowned for its stakes in global luxury brands like Gucci and Tiffany and retailer Saks Fifth Avenue, is intensifying its focus on India through larger deals and an evolved investment approach.

Since its 2018 entry into the Indian market via the acquisition of IDFC's alternatives business, Investcorp has channeled USD one billion into mid-market private equity and real estate ventures, revealed Vice Chairman and Chief Investment Officer Rishi Kapoor.

Investcorp's private equity investments in India primarily target asset-light companies across diverse sectors, including consumer and retail, healthcare, financial services, B2B, and technology. Notable investment include Global Dental, Wakefit, Xpressbees, Nephroplus, Safari Industries, InCred, Citykart, Zolo, Freshtohome, and Intergrow Brands. The firm’s largest deal to date is the Rs 1,000 crore acquisition of NSEIT, the digital technology arm of the National Stock Exchange, which Kapoor lauded as exceeding expectations.

In real estate, Investcorp focuses on logistics and warehousing. The company is raising USD 450 million for its latest hybrid fund and has already made four investments under this initiative, including in Wakefit and NSEIT. A significant partnership with NDR Warehousing, India’s third-largest warehousing platform, began as a private investment but has since been restructured into an infra-REIT portfolio.