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Investcorp Partners with Sovereign Funds on Second Industrial Venture
Investcorp and two leading sovereign wealth funds have formed a new venture focused on acquiring industrial real estate assets across the U.S. The new venture will build on the success and strategy of the initial venture established in November 2021. Across both ventures, the two SWFs, alongside Investcorp, have committed more than $1 billion of equity over the past two-and-a-half years to acquire industrial real estate.
“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.
He continued, “In particular, e-commerce, 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.”
Investcorp’s industrial real estate holdings in the U.S. currently total $5.1 billion across 43 million square feet. The new venture will provide Bahrain-based Investcorp with the ability to meaningfully increase its U.S. industrial market presence.
- ◦Sale/Acquisition
