![\"Investcorp](\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/10\/2026-10-05-investcorp-hero.jpg\")
<\/p>\n<\/p>\n
HedgeCo.Net \u2014 Investcorp, the Bahrain-headquartered alternative investment firm, announced the final close of its North American Private Equity Fund II at $1.22 billion, above its $1.1 billion target and larger than its 2021 predecessor. The firm said the fund drew commitments from institutional investors across North America, Europe, the Middle East and Asia, alongside continued support from Investcorp\u2019s own investor base. Reuters also reported the close.<\/p>\n
Fund II invests in growing middle-market companies in two verticals, business and professional services and commercial services, targeting businesses with between $10 million and $50 million of EBITDA in fragmented sub-sectors with non-cyclical demand. Investcorp described the fundraising environment as difficult and said it secured commitments from both existing and several new limited partners.<\/p>\n
Co-investment is central to the strategy. Investcorp said limited partners in Fund I invested more than $1 billion of fee-free co-invest equity, which lets the team pursue deals that are larger than the commingled fund\u2019s check size would otherwise allow. Fund II has already made two investments: Guardian Fire Services, a Nashville-based fire protection and life safety provider that has completed two add-ons, and Berger Financial Group, a fee-only registered investment adviser in Plymouth, Minnesota.<\/p>\n
Co-head Nicky McGrane said the team plans to invest in internal value-creation resources and bring AI capabilities to portfolio companies, while co-head Steve Miller called the close an important milestone. Investcorp\u2019s North American private equity group says it has completed more than 75 middle-market investments and more than $25 billion of transaction value over four decades.<\/p>\n
For LPs, the close is a reminder that mid-sized, sector-focused buyout funds with a co-invest program can still clear target in a market where capital has concentrated among the largest managers. The pairing of a modest main fund with heavy fee-free co-invest is increasingly how lower-middle-market sponsors compete for allocations from fee-sensitive institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
HedgeCo.Net \u2014 Investcorp, the Bahrain-headquartered alternative investment firm, announced the final close of its North American Private Equity Fund II at $1.22 billion, above its \u2026 Continue reading