Abu Dhabi-based Investcorp Capital made an undisclosed commitment to Investcorp's Golden Horizon Cooperation Fund, according to an ADX disclosure (pdf) . The platform had initially targeted USD 1 bn in total capital and has now reached a final close at USD 750 mn, according to a company statement.

Launched in partnership with China Investment Corporation (CIC), the fund secured backing from institutional investors across the GCC and China, including Jada Fund of Funds (a PIF subsidiary), Saudi Venture Capital, Silk Road Fund, and Bank of China.

Where will the money go? The platform targets high-growth companies in the consumer, healthcare, transportation and logistics, and business services sectors across the GCC and China, focusing on firms positioned for IPOs or trade-sale exits within three to five years.

It focuses primarily on the GCC through the Investcorp Saudi Pre-IPO Growth vehicle. The fund has so far made three investments in GCC-based companies: Saudi ICT services firm NourNet, digital trucking startup Trukker, and e-commerce enablement firm Salla.

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