Investcorp North American Private Equity Fund I, L.P.

Investcorp North American Private Equity Fund I, L.P. is the inaugural dedicated North American private equity vehicle raised by Investcorp, the Bahrain-headquartered alternative investment manager with more than four decades of cross-border private equity experience spanning the Gulf Cooperation Council, Europe, and the United States. The fund closed at over $1.2 billion in total capital commitments in February 2023, attracting a globally diversified investor base comprising pension plans, family offices, private wealth funds, and insurance companies from North America, Europe, and the Gulf region. Investcorp's North America PE group has completed approximately 70 transactions over its history, deploying more than $22 billion in aggregate transaction value across the United States and Canada.

The fund executes a control buyout strategy targeting family- and founder-owned, middle-market services businesses headquartered in North America. The investment team focuses on six core business services verticals: tech-enabled services, knowledge and professional services, data and information services, supply chain services, industrial services, and specialty consumer services. The team seeks companies with recurring revenue, defensible market positions, and strong organic growth prospects, where operational resources and add-on acquisition capabilities can accelerate enterprise value creation. Investments typically target profitable or near-profitable companies in fragmented markets with meaningful consolidation potential and the ability to benefit from operational improvement initiatives and strategic add-on activity.

Since its final close in February 2023, the fund has built a portfolio of seven platform investments reflecting disciplined, thematic deployment across Investcorp's target services verticals. Investcorp manages approximately $51.6 billion in total assets across private equity, real estate, infrastructure, credit management, and absolute return strategies, providing Fund I with the operational infrastructure, sourcing networks, and portfolio monitoring tools of a large global alternatives platform while maintaining the focused, control-oriented strategy of a dedicated middle-market buyout manager. The fund benefits from Investcorp's longstanding relationships with Gulf-based, European, and North American institutional investors, enabling ongoing LP engagement and co-investment capacity throughout the investment period.