KV Asia hits $100m first close on Fund II
KV Asia Capital has reached a first close of $100 million for its second Southeast Asia private equity fund. The vehicle, which focuses on the lower middle market, has a target of $300 million.
Most of the eight LPs in Fund I have returned, among them Adams Street Partners and HarbourVest Partners, according to a source close to the situation. Other investors in Fund I, which raised $263 million...
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