Middle East alternative asset manager Investcorp Holdings B.S.C. is seeking to raise up to $600 million from the listing of an investment vehicle in Abu Dhabi this year 2023, two sources with knowledge of the matter told Reuters. Bahrain-based Investcorp is making preparations for a potential public share sale of Investcorp Capital, registered in the Abu Dhabi Global Market, the international financial centre in the capital of the United Arab Emirates. The vehicle, which will operate as an independent company, will hold Investcorp's private market co-investments across assets including credit, real estate and private equity, said the sources, declining to be named as the matter is not public.

Investcorp is working with The Goldman Sachs Group, Inc.(NYSE:GS), First Abu Dhabi Bank P.J.S.C. (FAB) (ADX:FAB), Emirates NBD Bank PJSC (DFM:EMIRATESNBD) and HSBC Holdings plc (LSE:HSBA) on the plan, the people said. Moelis & Company (NYSE:MC) is acting as financial adviser, they said. Deliberations are at early stages and no final decision has been taken while the company is also evaluating other listing venues and options for growth.

Investcorp and FAB declined to comment. Goldman Sachs, HSBC, Moelis & Co, and Emirates NBD did not immediately respond to a request for comment.