Israel Investment Partners (IIP), a Tel Aviv, Israel-based employee owned private equity firm focused on opportunistic value-based investing, launched a $500m first fund.
IIP I was initially targeting $350m for its final close, but has now set a $500 million limit due to being oversubscribed.
Founded by managing partners Dr. Simón Levy-Dabbah and O.D. Kobo, IIP seeks to invest in established businesses primarily in Israel, comprised of hard assets with leading market positions, in the following sectors; agriculture, communications, defense, electric utilities, energy & natural resources, financial services, life sciences, real estate & construction, power & renewables, technology, transportation, waste management and water.
Prior to establishing IIP, Dr. Simón Levy-Dabbah, PhD, held several positions in public office and was the Undersecretary of Planning and Tourism for Mexico, working closely with President Andrés Manuel López Obrador. He had also led the World Academy of Medical Sciences (WAMS) as Chief Resilience Officer and is also the Chairman of the WAMS Economic Development for Urbanization, Public Policy, and Value Creation Division. He has worked for the Agency for the International Development of the United States in the Mexican Diplomatic Mission. He collaborated with the World Bank, where he took part in the Global Forum of Corporate Governance, organized by the International Institute of Corporate Governance.
O.D. Kobo is a private equity investment professional, with nearly twenty-years of experience in investment management, private equity, value creation and fund strategies. He maintains a significant network of relationships across Asia, Europe, and the Middle East. Prior to establishing Israel Investment Partners (IIP), Mr. Kobo co-founded PIR Equities (formerly 2C3i Capital) in 2007 with Joseph Aaron Horowitz, a London-based boutique private equity firm. During his tenure, PIR Equities raised $1.4 billion across three funds (the most recent December 2018, PIR III, $312 million), and deployed fund-level equity across 21 portfolio companies from 2007-2018. In addition, he was responsible for forming long lasting partnerships with some of the world’s most sophisticated business leaders including, Sheikh Hamad bin Jassim Al Thani (the former Prime Minister of Qatar), the Qatar Investment Authority (QIA), Jack Ma of Alibaba, Roman Abramovich of Millhouse Capital, amongst others. Mr. Kobo was an executive director at UK property conglomerate Camden Market Holdings (2004-2014) as well as structured its sale in 2014 of $680 million.