Asia Alternatives Holds Final Closing On $515M FOF

May 15 2007 | 2:40pm ET

Hong Kong and San Francisco–based Asia Alternatives, an private equity fund-of-funds shop, recently held a final close on its Asia Alternatives Capital Partners. With US$515 million in committed capital, the fund was oversubscribed and closed well above its original target of $350 million, according to the firm.

Investors in the offering include notable pension funds such as the California Institute of Technology and the California Public Employees' Retirement System as well as other state and corporate pension funds, foundations, university endowments, insurance companies and family offices in the United States, Canada, Europe and Asia.

The fund will invest in local Asian fund managers with a geographic focus of Greater China, Japan, Korea, India, Southeast Asia, Australia and New Zealand. It is currently invested with more than 10 managers.

Melissa Ma, co-founder and managing director of Asia Alternatives, stated: “We see a tremendous number of opportunities in the Asian private equity space and are excited to invest in such an active and evolving market.”

C.P. Eaton Partners acted as exclusive placement agent for Asia Alternatives, and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of