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Report: Investcorp unit sued by Kortright Capital Partners

New York-based investment manager is suingInvestcorp Investment Advisors, a unit of Bahrain-based , Reuters reported Oct. 4.

Kortright and Investcorp Investment Advisors entered into apartnership in July 2013. The purpose of the partnership was to provideKortright with stable growth capital while offering Investcorp and itsinvestors access to a specialized event equity strategy, Reuters reported,citing Investcorp's website.

Investcorp called the lawsuit groundless, according to thereport.