AGCA, secondary investors buy CS legacy assets
Three years after Credit Suisse's Asia private equity team spun out, the assets they were tasked with managing have followed suit. Supported by HarbourVest Partners and Axiom Asia, Asia Growth Capital Advisors (AGCA) has acquired a portfolio of eight assets from its former parent.
Although not a conventional spin-out - or only second half of one, at least - the transaction will fuel secondary investors' interest in helping management teams start afresh with new LPs in the event...
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