Investcorp, a leading global provider and manager of alternative investment products based in Bahrain, aims to nearly double its assets under management (AUM) to $23 billion in line with its next phase of expansion plans, said a top official.

Mohammed Al Ardhi, the executive chairman of Investcorp, was speaking at the 2016 Investors Conference held under patronage of Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces in Abu Dhabi, UAE.

Addressing the room of 300 investors, Al Ardhi said the company has achieved an incredible amount over the past 12 months.

"We have closed a near record number of deals but have no plans to slow down. We are going to use this momentum as a springboard to the next step of the Investcorp journey," he remarked.

Sheikh Hamed bin Zayed Al Nahyan, the chief of the Abu Dhabi Crown Prince's Court and managing director of ADIA, Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Culture and Knowledge Development, and Sheikh Hamdan bin Mubarak Al Nahyan, also attended.

Investcorp’s co-chief executive officers Mohammed Al Shroogi and Rishi Kapoor outlined the roadmap for the future of the company which was followed by a range of speakers discussing economic, political and investment trends. The event drew to a close with Al Ardhi's closing remarks.

In his comments, Al Shroogi said: "As we continue to grow as a firm, we remain focused on three core components of our unique business model - being relevant to our clients’ needs, delivering superior performance and providing the highest possible level of service."

Kapoor said: "In addition to being very close to our clients in the Gulf and around the world, we will drive Investcorp’s growth by enhancing and diversifying our client offering.  We have a clear roadmap ahead and we are confident that we are building an even stronger firm for our clients."

Delegates at the conference also heard from John Greenwood, the chief economist of Invesco, who provided an overview of the global economy in the wake of Brexit and the US election.

Meanwhile, Gordon Hewitt, the Prof of Business Administration at Ross School of Business, discussed competitive innovation and a changing world.

There was also a series of panel discussions that touched on a number of asset classes including corporate investment, real estate and alternative investment solutions. Panellists discussed trends across a range of sectors, from services, to healthcare, to cybersecurity.

These sessions involved senior executives from Investcorp and its portfolio companies, past and present, including The Wrench Group, SecureLink, OpSec, and CSIdentity.-TradeArabia News Service