Investcorp acquired IDFC Alternative’s Private Equity and Realty Businesses. IDFC Alternatives is India's leading multi-asset class investment manager. This transaction will mark Investcorp’s entry into India and is in line with the firm’s long-term strategy of expanding its investment footprint and client franchise globally. Financial terms were not disclosed. “Our first direct investment into the Indian market is a major milestone for our business, which also marks our focused expansion into Asia,” says Mohammed Alardhi, Executive Chairman of Investcorp. “IDFC is a well-recognised brand and a fantastic addition to Investcorp’s portfolio from an investor perspective. This acquisition will be instrumental in our plans to grow our investments into the country as part of our wider Asia strategy.”