Investcorp Closes Technology Fund at $570 Million

Investcorp has closed its latest technology-focused fund, Investcorp Technology Partners V (ITP V), at $570 million, surpassing its original target of $500 million. The capital will be directed toward investments in software, data/analytics, cybersecurity, and fintech startups.

Investcorp, which manages $52 billion in assets across 14 offices in the US, Europe, the GCC, and Asia—including India, China, Japan, and Singapore—plans to use the new fund to acquire controlling stakes in companies with revenues of around $10 million or more and positive EBITDA. The fund will focus on companies that require equity investments between $30 million and $75 million, often as the first institutional investor.

The fund’s investments have already begun, with initial recipients including VEDA, HWG Sababa, Zift Solutions, and NetRom.

Gilbert Kamieniecky, Head of European Private Equity at Investcorp, said the fund’s closing reflects the firm’s commitment to investing in lower middle-market B2B technology businesses with long-term growth potential. “We pride ourselves on remaining disciplined on entry valuations throughout cycles, being hands-on partners to founders, and focusing on a small subset of sectors with long-term tailwinds,” Kamieniecky said.

Hazem Ben-Gacem, Co-CEO of Investcorp, highlighted the support from existing and new investors in raising the ITP V fund. He noted that Investcorp’s scale and global reach would help the firm identify and invest in promising companies and accelerate their growth. “We are looking forward to continuing to execute our tried-and-tested mid-market technology investment strategy that has proven successful throughout market cycles,” Ben-Gacem said.

Investcorp’s previous technology fund, which raised $400 million, contributed to the successes of companies like softgarden, Avira, Ageras, and Impero. The firm expects the new fund to continue this track record, with a disciplined investment approach and active involvement in the businesses it backs.