25 Nov 2024

Investcorp, a leading global alternative investment firm, today announced that its Strategic Capital Group (ISCG) has partnered with Ownership Works, a nonprofit organization that works with companies and investors to provide all employees with the opportunity to build wealth at work. ISCG is the first GP-staking partner of Ownership Works.

We are thrilled to join forces with Ownership Works and further align ourselves with their mission of broadening employee ownership in the US,” said Anthony Maniscalco, Partner and Head of ISCG. “By introducing their best practices and intellectual property to Investcorp and our GP partners, we hope to accelerate the Ownership Works mission in private equity’s middle market.”

Founded in 2021, Ownership Works helps organizations to implement broad-based employee ownership programs that can unlock new levels of success for businesses and create meaningful wealth-building opportunities for employees. With tools, resources, practical models, and hands-on guidance, Ownership Works supports companies in structuring shared ownership programs that boost culture, enhance company performance, and improve employees’ financial wellbeing and inclusion. According to Ownership Works, it aims to generate at least $20 billion of wealth for low- and moderate-income and diverse workers by 2030.

We believe that fostering a culture of shared ownership is not just beneficial for employees, but also essential for driving long-term business success,” said Tim Osnabrug, Investment Partner, and Ravi Thakur, GP Development Partner, at ISCG. “By partnering with Ownership Works, we are advocating for innovative employee equity programs that empower workers and align their interests with those of the companies they serve.”

ISCG is focused on acquiring minority interests in alternative asset managers (GPs), particularly GPs who manage longer-duration private capital strategies. The group manages $1.6 billion of AUM and has completed 12 investments since its launch in 2019, placing it among the most active GP stakes investors in the industry. ISCG has partnered with mid-sized GPs across buyout, secondaries, structured equity, private credit, and real asset strategies.

We are pleased to welcome Investcorp’s Strategic Capital Group to our network of Financial Services partners who share our values and ambition to create more equitable ownership structures that benefit all stakeholders,” said Anna-Lisa Miller, Executive Director at Ownership Works. “We look forward to working with ISCG and its portfolio of GPs.”