Investcorp was founded by Nemir Kirdar to connect clients in the gulf region with global investment opportunities. It has previously invested in businesses, including Gucci, Saks Fifth Avenue, and Circle K, among others. As of June 2022, Investcorp had $42.7 billion in assets under management that are diversified across three continents, six asset classes, and numerous product lines. In November 2021, Investcorp launched a Saudi-based pre-IPO growth vehicle with an aim to raise $500 million. In 2021, Investcorp’s New York-based real estate team participated in deals worth nearly $4 billion. In December 2021, Investcorp Europe Acquisition Corp I, a special purpose acquisition company (SPAC) sponsored by Investcorp, completed its IPO.