Hong Kong Buyout Shop Closes $950M Fund

Nov 4 2008 | 1:00am ET

Private equity fund of funds shop Asia Alternatives has closed its Asia Alternatives Capital Partners II with US$950 million of committed capital.

Investors in the new fund include Asian, European and U.S. institutional investors such as the California Public Employees' Retirement System and the New York State Common Retirement Fund.

The fund is focused on building a diversified portfolio with an emphasis on local Asian fund managers. Its primary geographic focus will include Greater China, Japan, Korea and India.

Melissa Ma, co-founder of Asia Alternatives, said the firm continues to see a tremendous number of opportunities in the Asian private equity space.

The firm was founded in 2006 by Ma, Laure Wang and Rebecca Xu.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...