Investcorp, a global provider and manager of alternative investment products, has announced a 60 percent increase in dividends to shareholders.
In the full year results for the year ending June 30, Investcorp claimed strong results across all its core business operations comprising new investment acquisitions, realizations and fundraising, and a resulting growing cushion of surplus capital and liquidity, has enabled the firm to increase ordinary shareholder dividends to 24 cents per share, from 15 cents per share last year.
Over the period, Investcorp saw near record levels of activity across the business, driven by a series of significant transactions and solid fundraising activity in the United States and the Gulf including $810 million in AuM acquired through the acquisition of SSARIS advisers’ hedge fund of funds business in November 2015.
This continued fundraising momentum underlines the strong appetite of the firm’s clients for attractive diversified alternative investment opportunities.
The firm’s investment in broadening its Gulf office network to be closer to its investors has been a key driving factor of its performance.
Net income was $90.1 million compared with $116.7 million in the previous year, which represents a decline of 23 percent in net income from the previous year. Net income for the second half of the fiscal year (H2, FY 2016) was $39.2 million versus $71.4 million in H2, FY 2015.
Mohammed Mahfoodh Alardhi, executive chairman, said: “We’ve added headcount in all areas of the business and strengthened our balance sheet through two significant strategic partners over the last two years, which will help drive growth of the business organically and through acquisitions across all product areas.
The substantial increase in shareholder dividends further underscores the firm’s confidence in the continued growth and prospects of the business.”
Total assets at June 30, 2016, were $2.5 billion, up from $2.2 billion as at June 30, 2015.
In the full year results for the year ending June 30, Investcorp claimed strong results across all its core business operations comprising new investment acquisitions, realizations and fundraising, and a resulting growing cushion of surplus capital and liquidity, has enabled the firm to increase ordinary shareholder dividends to 24 cents per share, from 15 cents per share last year.
Over the period, Investcorp saw near record levels of activity across the business, driven by a series of significant transactions and solid fundraising activity in the United States and the Gulf including $810 million in AuM acquired through the acquisition of SSARIS advisers’ hedge fund of funds business in November 2015.
This continued fundraising momentum underlines the strong appetite of the firm’s clients for attractive diversified alternative investment opportunities.
The firm’s investment in broadening its Gulf office network to be closer to its investors has been a key driving factor of its performance.
Net income was $90.1 million compared with $116.7 million in the previous year, which represents a decline of 23 percent in net income from the previous year. Net income for the second half of the fiscal year (H2, FY 2016) was $39.2 million versus $71.4 million in H2, FY 2015.
Mohammed Mahfoodh Alardhi, executive chairman, said: “We’ve added headcount in all areas of the business and strengthened our balance sheet through two significant strategic partners over the last two years, which will help drive growth of the business organically and through acquisitions across all product areas.
The substantial increase in shareholder dividends further underscores the firm’s confidence in the continued growth and prospects of the business.”
Total assets at June 30, 2016, were $2.5 billion, up from $2.2 billion as at June 30, 2015.
