IA
Investcorp Absolute Return Investments Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 306860
· SEC file 801-118192
· New York, NY
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ADV data as of May 07, 2026
- Regulatory AUM
- $1.1B
- Discretionary
- $1.1B
- Clients
- 3
- Avg AUM / client
- $375M
- Accounts
- 5
- Employees
- 5
AUM over time
$887M
$1.3B
Dec 2020
May 2026
Annual snapshots from Form ADV filings · as of May 07, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 3 | $534M | 47.5% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $590M | 52.5% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $682M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Osool Global Spc Pelican Sp | Other Private Fund | Cayman Islands | $336M | 1 |
| Capitol Avenue Fund Series H | Other Private Fund | Delaware | $237M | 1 |
| Investcorp Special Opportunities Italian Distressed Loan Offshore Fund Ii Lp feeder | Hedge Fund | Cayman Islands | $109M | 14 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Erdely, Lionel, Nicolas | Manager, Head And Chief Investment Officer | Dec 2013 (13y) | Less than 5% | |
| Joyce, Jonathan, Robert | Officer | May 2020 (6y) | Less than 5% | |
| Medeiros, James, Anthony | President | Nov 2022 (4y) | Less than 5% | |
| Tarantelli, Panfilo | Shareholder | Nov 2023 (3y) | ≈ 7.03% – 37.5% via Tages Alternative Solutions S.P.A | |
| Asthana, Ira | Chief Compliance Officer, Head Of Legal And Compliance | Jul 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Investcorp Ari Holdings Llc | Sole Member | Dec 2019 | A | 75% or more |
| Investcorp Tages Limited | Shareholder | Apr 2020 | B | ≈ 56.25% – 100% via Investcorp Ari Holdings Llc |
| Investcorp Holdings Limited | Shareholder | Aug 2005 | B | ≈ 21.09% – 75% via Investcorp S.A. |
| Cp Holdings Limited | Shareholder | Aug 2005 | B | ≈ 15.82% – 75% via Investcorp Holdings Limited |
| Sipco Limited | Shareholder | Aug 2005 | B | ≈ 11.87% – 75% via Cp Holdings Limited |
| Iesip Holdings Ltd | Shareholder | Dec 2020 | B | ≈ 2.22% – 37.5% via Iesip Investments Spc Ltd |
| Sipco Holdings Ltd | Shareholder | Jun 2023 | B | ≈ 1.67% – 37.5% via Iesip Holdings Ltd |
| Investcorp S.A. | Shareholder | Apr 2020 | B | ≈ 28.13% – 75% via Investcorp Tages Limited |
| Tages Alternative Solutions S.P.A | Shareholder | Nov 2023 | B | ≈ 28.13% – 75% via Investcorp Tages Limited |
| Iesip Investments Spc Ltd | Shareholder | Dec 2020 | B | ≈ 2.97% – 37.5% via Sipco Limited |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Tarantelli, Panfilo: 25% – 50% of Tages Alternative Solutions S.P.A × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Investcorp Tages Limited: 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Investcorp Holdings Limited: 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Cp Holdings Limited: 75% – 100% of Investcorp Holdings Limited × 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Sipco Limited: 75% – 100% of Cp Holdings Limited × 75% – 100% of Investcorp Holdings Limited × 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- Iesip Holdings Ltd: 75% – 100% of Iesip Investments Spc Ltd × 25% – 50% of Sipco Limited × 75% – 100% of Cp Holdings Limited × 75% – 100% of Investcorp Holdings Limited × 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 2.22% – 37.5% of the firm
- Sipco Holdings Ltd: 75% – 100% of Iesip Holdings Ltd × 75% – 100% of Iesip Investments Spc Ltd × 25% – 50% of Sipco Limited × 75% – 100% of Cp Holdings Limited × 75% – 100% of Investcorp Holdings Limited × 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 1.67% – 37.5% of the firm
- Investcorp S.A.: 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Tages Alternative Solutions S.P.A: 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Iesip Investments Spc Ltd: 25% – 50% of Sipco Limited × 75% – 100% of Cp Holdings Limited × 75% – 100% of Investcorp Holdings Limited × 75% – 100% of Investcorp S.A. × 50% – 75% of Investcorp Tages Limited × 75% – 100% of Investcorp Ari Holdings Llc × 75% – 100% direct ≈ 2.97% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $682M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Osool Global Spc Pelican Sp | Other Private Fund | $336M | $100K | 1 |
| Capitol Avenue Fund Series H | Other Private Fund | $237M | $130M | 1 |
| Investcorp Special Opportunities Italian Distressed Loan Offshore Fund Ii Lp | Hedge Fund | $109M | $5.0M | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/07/2026 | 1.9 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Mufg Alternative Fund Services (Cayman) Ltd $590M (53% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 07, 2026.
View current Form ADV (SEC/IAPD) ↗