Investcorp Holdings has recently completed three deals through a newly established investment vehicle, which has the support of China's sovereign wealth fund. The investment vehicle was created earlier this year with the aim of taking advantage of investment opportunities in the Middle East, with a target amount of around $750 million.

Rishi Kapoor, Chief Investment Officer at Investcorp, discussed the progress of the fund in an interview with Bloomberg TV. Initially, Investcorp had set a goal of raising $1 billion, taking advantage of the growing economic ties between Gulf oil exporters and China, the world's second-largest economy.