Investcorp, the Bahrain and London-listed alternatives manager, doubled both its net income and fundraising in the past year as Middle-East appetite for foreign acquisitions hit an all time high of $59bn (€43.1bn).

Investcorp made net income of $302.3m for the year to the end of June, more than double the previous year's $130.8bn. The company also had a record year for fundraising, rounding up an additional $3.4bn for its three asset classes: private equity, hedge funds and real estate. This is double the $1.7bn raised in the previous fiscal year.