TLDR:
- Singapore-based investment firm Asia Partners has closed its second fund, Asia Partners II, LP, at $474 million.
- Investors in the fund include institutional investors, family offices, and individual investors from six continents.
Asia Partners, a growth equity investment firm based in Singapore, has successfully closed its second fund, Asia Partners II, LP, at a total of $474 million. The fund received investment from a range of institutional investors, family offices, and individual investors located across six continents. Notable returning investors include the International Development Finance Corporation (DFC) and Financial Investments Corporation (FIC) from the United States, the Deutsche Investitions- und Entwicklungsgesellschaft (DEG) from Germany, and Generation Capital from Canada.
The closure of the fund represents a significant milestone for Asia Partners, highlighting investor confidence in their investment strategy and the potential for growth in the Asian market. The fund will be used to support a diverse portfolio of high-growth companies in sectors such as e-commerce, digital media, financial technology, and software-as-a-service (SaaS).
Asia Partners prides itself on its local knowledge and expertise in the Asian market, allowing it to identify and support high-potential companies as they scale and expand. The firm takes a long-term approach, typically investing in companies at the early to growth stages and supporting them throughout their journey.
With the successful closure of Asia Partners II, LP, the firm now has significant capital to deploy and further expand its portfolio. The fund will enable Asia Partners to continue its mission of identifying and investing in promising companies in the Asian market, providing them with the necessary resources and support to achieve their full potential.
Asia Partners has a strong track record of successful investments, with notable portfolio companies including Grab, the Singapore-based ride-hailing and food delivery platform, and Zilingo, the Southeast Asian fashion and lifestyle marketplace. These companies have achieved significant growth and success, and Asia Partners aims to replicate this success with future investments.
The Asian market presents unique opportunities for growth, driven by factors such as a growing middle class, increasing internet penetration, and a rising demand for innovative tech solutions. Asia Partners is well-positioned to capitalize on these opportunities, leveraging its extensive network and market insights to identify and nurture the next generation of high-growth companies in the region.
The successful closure of Asia Partners II, LP demonstrates the firm’s ability to attract investors and raise significant capital, highlighting the confidence and trust placed in their investment strategy. This latest fund will fuel the firm’s growth and enable it to make strategic investments in high-potential companies, driving both economic growth and technological innovation in the Asian market.
