Investcorp Opens its Private Equity Conference for Investors
Speakers show confidence in the future for private equity
Investcorp, the leading global provider and manager of alternative investment products, today opened its private equity investor’s conference at The Ritz Carlton Hotel, Manama. Investcorp speakers emphasized that they remained confident in the future for private equity, and this view was endorsed by a leading international economist who also addressed the event.
The conference, held exclusively for Investcorp's private and institutional clients, was attended by around 100 investors, including individuals and representatives of institutions, as well as by economists and senior executives from Investcorp portfolio companies.
At a pre-conference working dinner on Tuesday evening, investors heard a presentation from Larry Lindsey, President and Chief Executive of The Lindsey Group, a former economic advisor to President Bush and President Reagan and Governor of the Federal Reserve from 1991 to 1997. Lindsey spoke about developments and trends in the global economy, in particular the effects and ramifications of the sub-prime crisis.
Christopher O’Brien, Investcorp’s Head of Direct Investment for Private Equity and Real Estate, and Steven Puccinelli, Investcorp’s European Head of Private Equity, opened the conference with a comprehensive review of the current private equity climate and their perspectives on future challenges for this asset class.
This was followed by sessions led by senior executives from two of Investcorp’s current portfolio companies. CEO of Moody, Brendan Connolly, and Chairman and former owner of Berlin Packaging, Andrew Berlin, gave management and owner perspectives of an acquisition and discussed their experiences working with Investcorp, in particular with Investcorp’s value enhancement model. Narv Narvekar, Columbia University’s Chief Investment Officer with responsibility for an investment portfolio of some $7.5 billion, gave his perspective on asset allocation in the current market environment.
A closing panel session looked at risk analysis in private equity investing and was led by Hassan Chehime, an Investcorp partner and risk management specialist alongside Jonathan Minor, Investcorp’s Head of Treasury.
About Investcorp
Founded in 1982, Investcorp is a leading provider and manager of alternative investment products with more than $15 billion in assets under management as of December 31, 2007. It has offices in the Kingdom of Bahrain, London and New York and is publicly traded on the Bahrain Stock Exchange (INVCORP) and the London Stock Exchange (IVC). The firm has five lines of business: private equity, hedge funds, real estate, technology investment and Gulf growth capital.
Investcorp’s current private equity investments include: Berlin Packaging, a leading supplier of custom and stock rigid packaging in the USA; Icopal, the world’s leading producer of roofing and waterproofing membranes; Moody International, a global provider of technical and inspection services and management systems; and Armacell, a leading global manufacturer of engineered foams. Past private equity investments by Investcorp include: Tiffany & Co., Gucci, Prime Equipment, Carter’s, Simmons, Leica, Jostens and APCOA.
Further information on the firm is available at www.investcorp.com.
