Bahrain-based Investcorp, an alternative investment manager, and UK peer Aberdeen Standard Investments have unveiled the launch of a joint venture (JV) to commit in infrastructure projects across the Gulf Cooperation Council (GCC).
The JV is expecting to invest between $800 million and $1 billion worth of capital in the next five to ten years.
The new JV will focus on both greenfield and brownfield commitments in a range of soft and hard infrastructure assets including road and rail, smart cities, social housing, education and healthcare facilities.
The entity will pursue investments characterized by stable, predictable and long-term cash flow with attractive, risk-adjusted returns as well as typical equity stakes ranging between $40 million and $60 million.