Investcorp reaches significant milestone with $2bn in assets under management for its Single Manager Platform

Investcorp's Single Manager Platform was launched in 2005 by Investcorp's hedge funds business with the objective of providing its global institutional client base with access to emerging talent in the hedge fund industry.

Investcorp typically provides between $50m and $100m in initial funding to the managers in the platform and assists them with marketing and distribution support as well as ongoing risk monitoring. Today, Investcorp has more than 30 institutional investors in the platform which comprises six managers who adopt a range of different investment styles and strategies.

"Reaching the $2bn milestone is a testament to the quality of the managers who have partnered with us,"

said Deepak Gurnani, managing director and co-head of hedge funds.

"We screen hundreds of potential managers in order to select only the most experienced for each investment strategy in the Single Manager Platform. We attribute much of the success of the platform to our careful manager selection process as well as to our continued focus on seeking returns for investors."

The six managers currently included in Investcorp's Single Manager Platform are:

• Cura Capital Management, a fixed income relative value manager based in New York City, and led by Tom Schnepp;
• Interlachen Capital Group, a multi-strategy firm based in Minneapolis, Minn., and led by Andrew Fraley;
• Silverback Asset Management, a convertible arbitrage focused management firm based in Chapel Hill, N.C., and led by Elliot Bossen;
• Stoneworks Asset Management, a global macro investment platform based in London, and led by Max Trautman;
• Washington Corner Capital Management, a distressed and credit-based investment platform based in Florham Park, N.J., and led by Ed Banks; and
• WMG Asia, an Asian long/short equity strategy management firm based in Hong Kong, and led by Lena Tan.

"Investors truly value the commitment of capital from our own balance sheet, which fully aligns our interests with theirs," said Ibrahim Gharghour, managing director and co-head of hedge funds. "They also have a high regard for the operational oversight that we provide them with to help mitigate some of the real and perceived risks of investing in an early-stage fund."

The Single Manager Platform is part of Investcorp's larger suite of hedge fund solutions, which includes fund of funds, customized portfolios and structured products.

"We have tailored the Single Manager Platform to the interests of sophisticated institutional investors that want to diversify their hedge fund holdings by including the industry's rising stars in their portfolios," said Gharghour.