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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note