improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2013 learn how and when to remove this template message a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . may 2013 learn how and when to remove this template message learn how and when to remove this template message investcorp type public traded as bhse invcorp founded 1982 1982 headquarters manama bahrain key people mohammed mahfoodh al ardhi executive chairman & ceo rishi kapoor chief financial officer products alternative investment buyouts hedge funds real estate total assets 11.86 billion website official website investcorp is a bahrain based manager of alternative investment products for private and institutional clients . 1 its principal client base is in the six countries of the gulf co operation council 2 but it also has institutional clients in north america and europe . 3 it has offices in new york city bahrain and london . the company offers investments in corporate investment real estate and hedge funds and has arranged investments with a combined value of approximately 44 billion . citation needed it typically places the private equity of companies and real estate properties it acquires directly with investors on a deal by deal basis rather than through a fund structure . in addition the firm operates the gulf opportunity fund investing in the mena region 4 and a number of technology 5 funds . the company was founded in 1982 as a corporate and real estate investment firm and diversified in 1997 into hedge funds . 6 non gulf investors mainly in the us now account for around two thirds of investcorp s hedge fund client assets under management with 1 billion in new us hedge fund mandates being secured in 2009 . 7 investcorp currently has approximately 12 billion in invested assets under management across its three asset classes . citation needed in 2011 it ranked 67th in the pei300 private equity index 300 ranking of private equity firms by assets deployed with 4.68 bn invested in private equity over the previous five years . 8 subscription required the company maintains relationships with over 1 000 individual and institutional investors in the gulf . 9 not in citation given the company is regulated in bahrain as a wholesale bank and has traditionally utilised long term and medium term bank financing including private placements and syndicated loans in order to ensure a longer maturity profile . citation needed the company s capital adequacy ratio basel ii at 2012 year end was 22.9 % . citation needed the company is listed on the bahrain bourse bse with a financial year end of 30 june . investcorp s portfolio company moneybookers ended its relationship with wikileaks in august 2010 as a direct result of u.s. government pressure . 10 contents 1 investment areas 1.1 corporate investment 1.2 real estate investment 1.3 hedge funds 2 history 2.1 initial investors 2.2 1984 90 2.3 the 1990s 2.4 the 2000s 2.5 the 2010s 3 references 4 external links investment areas edit corporate investment edit corporate investment is investcorp s traditional activity . this includes mid size companies in north america and western europe as well as technology small cap investment through investcorp technology partners 5 in the gulf and the mena region . the past and present portfolio includes over 90 investments . citation needed selected past investments include tiffany & co. retailers of jewelry and luxury goods acquired 1984 floated 1987 gucci designer producer and distributor of luxury accessories and apparel acquired from 1989 to 1993 floated 1996 leica geosystems measuring instrument manufacturer acquired 1998 floated 2000 jostens us provider of school related affinity products acquired 2000 sold 2003 neptune technology group us manufacturer of water meters acquired 2001 sold 2003 11 mw manufacturers a us maker of windows and patio doors acquired 2002 sold 2004 12 hilding anders european mattress and bed manufacturer acquired 2003 sold 2006 13 apcoa european parking management providers acquired 2004 sold 2007 14 american tire distributors the largest us independent tire distributor acquired in 2005 sold in 2010 15 moody international international provider of quality and safety services acquired 2007 sold 2011 16 fleetpride north america s largest distributor of truck and trailer parts acquired 2006 sold 2012 17 prounlimited united states based software and services firm acquired in 2014 jointly by investcorp & bahrain mumtalakat holding company . 18 real estate investment edit the real estate division 19 based in new york sources and performs due diligence and arranges financing and the acquisition of us properties and us commercial mortgage debt positions . the investment in these properties or loans is typically aggregated into a series of multi investment portfolios for placement to clients . debt investments are also made within a series of debt funds which are managed by the group . 20 since 1995 investcorp has acquired in the region of 200 properties totaling approximately 10 billion in value . it currently has more than 6 billion of property under management . citation needed hedge funds edit investcorp s hedge fund business was established in 1996 and today has approximately 4.5 billion of capital under management of which approximately 0.6 billion is reserved for proprietary investments . citation needed the fund of funds program comprises a selection of funds of hedge funds with varying risk return profiles . these are invested across different strategies through approximately 45 hedge fund managers . 21 in addition investcorp has developed a single manager seeding platform and currently offers on a joint venture basis access to six managers with specific strategies . the single manager platform currently has around 1.8 billion in client and proprietary assets under management . 22 in the last few years customised portfolios have grown as a proportion of the firm s overall hedge fund assets under management with traditional fund of funds reducing . 23 subscription required 16 % of the hedge fund business is invested through fund of funds . 24 the remainder is invested through customized investments seeding businesses and a single manager platform . the hedge fund business also provides institutional investors with access to its emerging manager program investing with and seeding early stage managers who according to investcorp research outperform larger hedge funds on a risk adjusted basis . 25 history edit investcorp was founded in 1982 . the concept behind the creation of investcorp was devised and implemented at the arab monetary fund amf during the period 1980 1982 when dr. jawad hashim was its president . citation needed in july 1980 hashim employed nemir kirdar as one of his advisors on one year secondment from chase manhattan bank . initially kirdar s task was to prepare certain feasibility studies in connection with the development of arab financial markets promotion of arab monetary and economic integration and the quest for investment opportunities for the surplus of the oil exporting arab countries . kirdar delivered a report entitled arab monetary fund project establishment of a private investment company . 26 under the auspices of amf and on its expense a new financial institution investcorp was created in 1981 1982 . kirdar would later assert that investcorp was his brainchild without reference to the amf s role in its creation . 27 to pay for his share subscription in investcorp kirdar requested a second loan for us 600 000 from dr. hashim in march 1981 . 28 investcorp s first board directors with dr. jawad hashim appearing in the back row third from left and nemir kirdar appearing in the front row on the right the establishment of investcorp commenced in may 1981 with the first founding shareholders subscribing and affecting payments on may 13 1981 . by march 31 1982 all committed founding shareholders had subscribed and paid their funds . in may 1982 the public subscription was conducted and in june 1982 a general shareholders meeting was convened and the shareholders elected the first board of directors . in july 1982 the final incorporation process was completed and investcorp started to develop its policies and procedures manuals background material and logistical requirements and had begun to hire its staff . in january 1983 investcorp commenced business operations . on an official visit to abu dhabi in early 1977 in his capacity as presidential advisor to deliver a letter from saddam hussein to the then president of united arab emirates dr. hashim met nemir kirdar at a dinner party . when hashim assumed his post as president of amf nemir kirdar as the representative of chase manhattan bank discussed mainly the banking relationship between amf and chase manhattan . hashim also used to outline the objectives of the amf in relation to the promotion of arab capital markets and best ways of utilizing the financial surpluses of the persian gulf region through a viable investment entity . in the summer of 1979 dr. hashim paid an official visit to bahrain . during this visit he met with nemir kirdar at chase manhattan bank . on this occasion dr. hashim again discussed his dream investment vehicle with mr. kirdar asking if he would join the amf staff to undertake a detailed feasibility study on the matter . dr. hashim approached the chairman of chase manhattan david rockefeller to second kirdar for a period of one year . again kirdar politely declined . instead he suggested that when his assignment in the persian gulf came to an end and before moving to another post with chase he might consider taking a long leave of absence to join the amf on secondment basis from chase manhattan . 29 david rockefeller second from right is seen shaking hands with jawad hashim left ; nemir kirdar right in 1980 david rockefeller right is seen shaking hands with jawad hashim left initial investors edit hashim in his capacity as president of the amf sought to solicit first the participation of institutional investors mainly the national banks of each persian gulf state . beginning in november 1980 he first wrote to the chairman of the board of the national bank of abu dhabi nbad ahmed khalifa al suwaidi . 30 similar letters were sent to the national bank of bahrain bank of oman the dubai bank national bank of sharjah qatar national bank and commercial bank of qatar . some of these letters were signed by dr. hashim while others were signed by nemir kirdar in his capacity as advisor to the president of amf . in all those letters it was indicated that the project was undertaken by the arab monetary fund . for example by a letter dated january 17 1981 to the chairman of national bank of bahrain it was stated that the amf invites the said bank to contribute in the proposed investment company s capital . 31 in soliciting investors whether institutional or individuals the amf indicated that investcorp was the amf s creation and upon which it had spent substantial sums of money in the form of salaries accommodation travel and legal expenses . investcorp was conceived pursuant to the interpretation of amf s treaty by the then president of the fund dr. jawad hashim . by may 1981 nemir kirdar was still an employee of amf the amf project attracted individuals and institutions to participate in the capital of the proposed company investcorp . approximately us 55 million were committed by the participants . institutional participants whom dr. hashim as president of amf solicited included national bank of bahrain bank of bahrain and kuwait commercial bank of kuwait qatar national bank saudi cairo