Investcorp and PSP Investments to invest in UTA.

Investcorp, a global manager of alternative investment products, for private and institutional clients, and PSP Investments, a Canadian Crown corporation, agreed to invest in UTA, a global talent agency. Financial terms were not disclosed. "We are thrilled to have the opportunity to support UTA's leading franchise and partner again with PSP Investments. We believe UTA's client-centric business model has strategically positioned the company to capitalize on the ongoing convergence of talent, content, distribution, and marketing. Investcorp has been impressed with UTA's market position, the long-term growth it has enjoyed, and recognizes that its future success will be driven by the continued excellence of its partners in providing superior services for its clients," David Tayeh, Investcorp Head of Private Equity, North America.