Asia Alternatives Announces Fund Closings of over US$1.8 billion
ByHONG KONG, BEIJING, SHANGHAI and SAN FRANCISCO, April 14, 2015 /PRNewswire/ — Asia Alternatives, one of the largest independent Asian private equity fund-of-funds, today announced the final close of over US$1.8 billion in new commitments across Asia Alternatives Capital Partners IV, LP (“AACP IV”) and its related fund vehicles (“Fund IV”).
“We are extremely grateful that a significant number of our original limited partners continue to support us and we are pleased to have added a number of highly respected and well-recognized new investors in Fund IV,” said Melissa Ma, Co-Founder and Managing Director of Asia Alternatives.
The largest of the Funds is Asia Alternatives Capital Partners IV, LP which, along with its sleeve fund focused on investments outsideJapan, AACP IV Ex-Japan Investors, LP, closed on US$1 billion of committed capital, above their combined target of US$750 million.AACP IV is the successor fund to Asia Alternatives Capital Partners III, LP (“AACP III”), which closed in July 2012. Earlier funds include Asia Alternatives Capital Partners II, LP (“AACP II”), which closed in September 2008, and Asia Alternatives Capital Partners, LP (“AACP I”), which closed in May 2007…
Asia Alternatives Announces Fund Closings of over US$1.8 billion
