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ITP closes $500m fund
- Bahrain: Tuesday, January 29 - 2008 at 11:00
Bahrain-based Investcorp Technology Partners, a buyout investor in growing, small- and medium-sized technology businesses, has announced the closing of its Investcorp Technology Partners Fund III, with $500 million in total committed capital. 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, ITP's second fund, which closed in 2005. ITP's total accumulated assets under management today stand at more than $1 billion.
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Jeff Florian, Senior ReporterTuesday, January 29 - 2008 at 11:00 UAE local time (GMT+4)
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