The group's biggest external shareholder is Mubadala Investment Company, a $229 billion Abu Dhabi sovereign wealth fund, which has a stake of 20 percent.

The company was co-founded in 1982 by Nemir Kirdar,[9] Elias Hallak, Savio Tung, Mike Merritt, and Cem Cesmig and acquired Tiffany & Co in 1984, floating in 1987.

[22] It remained listed on the Bahrain Bourse (BSE) for four decades until 2021, when it delisted itself as a result of low trading volumes.

[24] Selected past investments include: The real estate division[44] based in New York and London, sources and performs due diligence, and arranges financing and the acquisition of US and European properties and US commercial mortgage debt positions.

The investment in these properties or loans is typically aggregated into a series of multi-investment portfolios for placement to clients.

[50] In 2020, Investcorp merged its hedge fund business with Tages Group, a European alternative asset management firm, creating a 50/50 joint venture.