Alternative asset manager Investcorp more than tripled the level of inflows into its private equity arm in the 12 months to 30 June, with placements and fundraising reaching $1.9bn.

The Bahrain-headquartered asset manager said client appetite over the period remained strong, in its annual results published today. The increase in fundraising was partially driven by the creation of a $1bn European private equity buyout vehicle in January, with secondary investor Coller Capital as an anchor investor.