Asia Alternatives raises $1.5b, closes third fund
Asia Alternatives has raised $1.5 billion to invest in private equity and venture capital across Asia. The corpus is divided between $908 million for its Asia Alternatives Capital Partners III vehicle and another $600 million in separate accounts. This is the largest pool of capital ever raised by the Asia-focused fund-of-funds.
The third vehicle was launched last September with a target size of $800 million. Approximately 75% of investors are existing investors in the fund's predecessors, while a majority of the remaining capital...
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