Private equity management and advisory firm SVG Advisers has raised US$200 million to invest in a diversified portfolio of p.e. funds with a track record.
Like previous SVGA funds of funds, SVG Asia Fund of Funds will have an over-commitment strategy enabling it to commit up to US$260 million to 12 to 15 funds. It has already made commitments have already been made to CVC Capital Partners Asia-Pacific III, Navis Capital Partners Asia V, Affinity Equity Partners III and Actis India III. Underlying portfolio investments will include growth capital and buy-out transactions.
In addition, SVGA also said that Khim Tan will be joining the firm as head of Asian fund investment this month, reporting to Sam Robinson, director.
Tan joins from Hermes Private Equity where he was an associate director of the fund of funds team responsible for developing the firm’s investment strategy for Asia.