Investcorp International Inc. closed the transfer of its remaining two portfolio companies in Investcorp Technology Partners III LP to Investcorp Secondary Fund 2018 LP, a continuation vehicle supported by HarbourVest Partners LLC.
Investcorp will provide the two portfolio companies with "active support and fresh capital" under continued management, according to a Jan. 7 news release. The combined enterprise value of the portfolio companies is $185 million.
Investcorp invests equity cheques of $25 million to $50 million in Europe-headquartered, founder-owned companies. It recently announced the final closing of its fourth technology fund, the Investcorp Technology Partners IV LP fund, with $400 million in total committed capital.