DUBAI, Aug 4 (Reuters) - Manama-based Investcorp on Wednesday posted a net profit of $124 million for its financial year ending June 30, rebounding from a loss a year earlier, citing strong activity across its core businesses that helped boost fee and asset-based income. The firm, which focuses on private equity, real estate, credit management and absolute return investments, said it had raised $1 billion for its North American private equity fund. It has also raised almost $300 million for its Technology Fund V so far, out of a target of $500 million. Investcorp, which has a medium-term goal to increase its assets under management to $50 billion, said its assets grew 17% in the last financial year to $37.6 billion. A total of 11 new private equity investments were made during the year across India, China and Southeast Asia, it said. Assets under management in Asia increased by 17% to $1.1 billion during the fiscal year, it said. The Public Investment Fund, Saudi Arabia’s sovereign wealth, agreed to become an anchor investor in an infrastructure fund being launched by Investcorp and Aberdeen Standard Investments, the company said in June. (Reporting by Saeed Azhar Editing by Mark Potter) Our Standards: The Thomson Reuters Trust Principles.