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HarbourVest puts $300 million in Arcapita's portfolio firms

By Péralte C. Paul
Sept 27, 2010

Arcapita Bank, a Bahrain-based investment firm with major operations in Atlanta, said Monday it's creating a new fund with HarbourVest Partners, which is investing $300 million in five Arcapita portfolio companies. The deal will give Arcapita with the liquidity to increase its new transactions activity, said E. Stockton Croft, the company's Atlanta-based executive director and head of its U.S. corporate investment unit. The HarbourVest deal follows Arcapita’s recent completion of a $200 million loan facility with Standard Chartered Bank.

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