Investcorp reduced PE co-investments: Reuters

Investcorp’s net profit rose by 5 percent percent in its latest financial year while the firm cut PE co-investments by almost a fifth to reduce risk on its balance sheet, Reuters reported. The creation of a European PE fund with Coller Capital, along with a secondary deal with HarbourVest on mature technology helped reduce co-investments in its PE business by 19 percent to $505 million, the story said.