Tuesday, 9 February 2016
Last updated 7 min ago
Jun 12 2007 | 8:49am ET
Singapore-based CLSA Capital Partners, the alternative investment arm of CLSA Asia-Pacific Markets, recently launched a dedicated Asian water and waste management private equity fund. Clean Water Asia launched with US$5 million in seed capital.
Like its sister fund, Clean Resources Asia, Clean Water Asia focuses on high-growth public and private companies that “offer technological solutions to the world's growing environmental, energy security and resource challenges.” Holdings are predominantly in listed equity shares and pre-IPO companies operating in the clean energy and environmental technology fields. Chief Investment Officer Andrew Pidden and head of research Anthony Wilkinson manage the fund.
“Traditionally, governments have been the drivers in water management and to date there has been limited private sector involvement,” said Pidden. “This is changing, and we are seeing China and India encouraging the interest of small listed companies and large multinationals.”
Clean Resources Asia, which includes exposure to the water and waste sectors, has generated an encouraging 35.7% return since its launch in August through the first quarter, according to the firm.
CLSA Capital Partners currently manages five Asian-focused p.e. funds in addition to the new offering.