On March 12, 2018, Investcorp announced its strategic partnership with Shoal Capital Management.
Under the terms of the transaction, Investcorp and other institutional investors will provide capital to Shoal Capital Management (“Shoal”) and Investcorp and Shoal will form a strategic partnership. Further terms of the transaction were not disclosed.
Investcorp, founded in 1982, is an alternative investments specialist that focuses on providing corporate, real estate, and alternative investments to high net worth and institutional clients. Investcorp has $22.2 billion assets under management as of December 31, 2017.
Shoals, founded in 2017, is a hedge fund that specializes in event-driven investing in the financial sector. Shoals has $160 million in assets under management as of March 1, 2018.
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