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Emiratis involved in these cases have had their Nafis benefits suspended
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ITP raises $500m fund
BAHRAIN - Investcorp Technology Partners (ITP), a buyout investor in growing, small- and medium-sized technology businesses, yesterday announced the closing of its Investcorp Technology Partners III, L.P. (ITP Fund III), with $500 million in total committed capital.
ITP's total accumulated assets under management today stand at more than $1 billion.
ITP Fund III, which had an original target of $400 million, was well oversubscribed and exceeded the $300 million total capital committed to Investcorp Technology Ventures II, L.P., ITP's second fund, which closed in 2005. ITP Fund III received strong support from investors globally in addition to a significant financial commitment from Investcorp.
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