NEW YORK, May 5, 2014 /PRNewswire/ -- Investcorp, a leading provider and manager of alternative investment products with more than $11 billion of assets under management, announced today that industry veteran Franklyn Chang, has joined the firm as a Managing Director.
Mr. Chang joins Investcorp with nearly 20 years of experience in institutional sales, placements and distribution of alternative investments. Prior to joining Investcorp, Mr. Chang was responsible for global distribution of alternative investment funds at Eaton Partners, LLC, including hedge funds, private equity, real estate and infrastructure funds. During his eight year tenure at Eaton Partners, Mr. Chang served as both Partner for US Distribution and Managing Partner for the European and Middle East Distribution. Mr. Chang was involved in successfully placing over $12 billion in limited partner assets for the firm.
In his new role with Investcorp, Mr. Chang's primary responsibility will be to help grow Investcorp's Hedge Fund Group's assets under management through strategic and targeted business development efforts.
"We are very pleased to welcome a person of Franklyn's experience and caliber to our team," said Mr. Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group at Investcorp. "His wide ranging experience and capabilities within the alternative investment industry will allow us to expand our product offerings to further meet our clients' needs as we significantly grow our hedge funds platform."
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, the Kingdom of Bahrain, the Kingdom of Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at December 31, 2013, Investcorp had $11.3 billion in total assets under management. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.