Investcorp, the Bahrain-based alternative investment firm with over $50 billion in assets under management has named John McCarthy as advisory director to support its U.S. and European real estate initiatives. McCarthy, a seasoned executive with a 13-year tenure at Starwood Capital Group, will advise on strategic expansion across industrial, multifamily, and student housing assets.
According to Investcorp, McCarthy’s appointment signals its deepening commitment to U.S. and European real assets and may foreshadow further structuring of investment products aimed at high-net-worth channels. As the company continues evolving its strategy toward semi-liquid fund vehicles, McCarthy’s firsthand experience with non-traded real estate investment trusts will likely be an asset.
He was the founding chief executive officer of Starwood Real Estate Income Trust and the chairman of Starwood Credit Real Estate Income Trust, both publicly registered nontraded REITs sponsored by Starwood Capital Group. McCarthy has also held leadership roles at ADIA from 2012 to 2015, Lehman Brothers from 2005 to 2009, and JP Morgan O’Connor from 2000 to 2005. McCarthy was also a managing director at GE Real Estate for 16 years.
“We see tremendous opportunities for increased investment across our target asset classes – including industrial, student housing, and multifamily – in the U.S. and Europe,” said Michael O’Brien, global co-head of real assets at Investcorp. “John’s global experience will be instrumental in creating significant value as we aim to capture greater market share and expand our assets under management. We look forward to his substantial contributions.”
Investcorp has acquired approximately $27 billion in property since 1996, with 98% of its national portfolio currently in industrial or residential assets. In collaboration with iCapital, it launched Investcorp iPartners in 2021, a fintech platform designed to provide ultra-high-net-worth investors with access to a broad array of alternative investments, including private market direct co-investment opportunities. This initiative marked an earlier move by Investcorp to expand its reach into the global private wealth market.
McCarthy expressed enthusiasm about his new role and upcoming work.
“I have gotten to know Herb [Myers], Mike, and the Investcorp team quite well over the last few years, and I’ve been consistently impressed by their expertise, execution and performance,” said McCarthy. “It is an honor to have the opportunity to work with this exceptional team to enhance Investcorp’s position as one of the world’s most sophisticated real assets investors.”
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