Investcorp plans $500 mln U.S. property debt fund

Reuters – Bahrain- and London-listed investment house Investcorp INVB.BH plans to set up a fund worth up to $500 million to invest in U.S. real estate-related debt, its managing director said on Thursday.

Investcorp’s Managing Director Khalid al-Rumaihi told Reuters the company is seeking between $250 million and $500 million for the fund that will buy into U.S. real estate debt paper trading at a discount due to the financial crisis.

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