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Investcorp seeding platform eyes Asia, credit, long/short strategies


The Bahrain-based firm will seed up to three new managers by the end of 2010.

Investcorp Asset Management is looking to expand its $2 billion single-manager seeding platform. It has seeded seven hedge funds to date, and will likely seed up to three new managers by yearend, said a firm executive.

Investcorp is eying credit, Asian and long/short global strategies, given unique opportunity sets in each of these areas, the executive said. The firm is continuing to meet with potential managers, and will likely deploy capital later this year. The firm typically invests $50 million.

In addition to offering seed capital to startup managers, Investcorp assists with setting up compliance, back offices, and fundraising. Investcorp