Banner Ridge Partners, LP announced that it has raised round of funding from new investor Investcorp Strategic Capital Partners LP, a fund managed by Investcorp Holdings B.S.C. on February 5, 2024. The company has issued membership units in the transaction. As a part of the transaction, Investcorp Holdings B.S.C. takes minority stake in the company, as well as, under the terms of the agreement, Investcorp Holdings B.S.C. becomes a passive, non-voting partner in the company.