Navis raises $1.3b for seventh Asia fund
Navis Capital Partners will complete fundraising for its seventh Asia vehicle next week with up to $1.3 billion in commitments from LPs. Work will then begin on a shariah-compliant parallel fund, which is expected to close in June, taking the final total to around $1.5 billion.
Sources familiar with the situation told AVCJ that $1.2 billion has been raised and the impending "interim close" will not exceed $1.3 billion. The Malaysia-headquartered GP reached a first close of...
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