Southern Capital raises $400m for Southeast Asia fund
Singapore-based Southern Capital Group (SCG) has raised approximately $400 million for its third buyout fund. Unlike SCG’s previous vehicles, which invested throughout the region, Southern Capital Fund III will focus on Malaysia, Singapore and Indonesia. An announcement on a final close is expected imminently.
Marketing for the new fund began in mid-2012 with a hard cap of $350 million. However, due to strong demand from LPs - investors were willing to put in as much as $600 million - it was agreed to raise...
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