▷ Asia Alternatives announces $2 billion in fund closures

26.01.2022 – 18:41

Asia Alternatives Management LLC

Beijing and Hong Kong and Tokyo and San Francisco, March 20, 2020 /PRNewswire/

Asia Alternatives, one of Asia’s largest independent private equity funds of funds, today announced the final closing of $2 billion in new commitments in Asia Alternatives Capital Partners VI, LP and multiple fund vehicles (the “Funds”). The Funds are focused focused on building a diversified Asian private equity portfolio with a focus on high-performing local Asian fund managers Over 85% of committed capital came from existing relationships.

“We are particularly grateful for the continued support of our limited partners and are pleased to complete the largest capital raise in over fifteen years,” said Melissa Ma, Co-Founder and Managing Partner of Asia Alternatives. which we have built into leading fund managers across Asia offer a unique perspective and ability to capitalize on the opportunities that market volatility has created.These relationships and our track record have made Asia Alternatives one of the leading private equity investors in Asia .”

The largest of the funds is Asia Alternatives Capital Partners VI, LP, which together with its co-investment funds (collectively “AACP VI”) has raised $1.1 billion in committed capital, exceeding the combined target of $1 billion. The AACP VI is the successor fund to Asia Alternatives Capital Partners V, LP (“AACP V”) which closed in September 2017. Previous funds are Asia Alternatives Capital Partners IV, LP (“AACP IV”) which closed in April 2015, Asia Alternatives Capital Partners III, LP (“AACP III”) which closed in July 2012, 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.

“Our relationships with leading private equity and VC managers across Asia allow us to be exceptionally selective in sourcing capital and giving our LPs access to the attractive opportunities in each region,” said Rebecca Xu, Co-Founder and Managing Director of Asia Alternatives.”We look forward to beginning investing in this fund and maintain our strong exposure to China, where we continue to see both short- and long-term opportunities presented by the rapidly evolving and growing consumer demand and underpinned by the impressive trajectory of technological innovation.”

“We remain focused on expanding our relationships and expertise across Asia and leveraging our local presence to access opportunities across markets and strategies. While we remain our strongest presence in China, our partnerships with buyout firms in Japan have also become significant sources of performance in recent years,” said Akihiko Yasuda, Managing Director of Asia Alternatives.

The Fund’s investors represent a global pool of private sources of capital such as state and corporate pension plans, endowments, university endowments, insurance companies and family businesses in the United States, Canada, Europe, Japan and Asia. Institutional investors in the funds are The Boeing Company, Cathay Life Insurance Co., Comprehensive Financial Management, The Dai-ichi Life Insurance Company, Limited, The Florida State Board of Administration, Intermountain Healthcare, Jasper Ridge Partners, The Maryland State Pension System , the Massachusetts Mutual Life Insurance Company, the McKnight Foundation, the Minnesota State Board of Investment, the New York State Joint Pension Fund, the St. Louis Public Schools Pension Scheme, the San Francisco City and County Employee Pension Scheme and the Pension Scheme in Va.

Stacy Jennings, Vice President and Chief Investment Officer of Intermountain Healthcare and Limited Partners, stated, “The past two years have validated that there is no substitute for a local presence and why we invested with Asia Alternatives. In our experience, Asia Alternatives has exceptional investment professionals, a deep commitment to the region and a differentiated approach, which has resulted in positive investment results for Intermountain.”

Asia Alternatives is one of Asia’s first independent private equity funds. The company also obtained the first Limited Partner QFLP (“Qualified Foreign Limited Partner”) license in China, which enabled Asia Alternatives to invest in selected, qualified RMB-denominated private equity investments.

Eaton Partners, LLC and Diamond Dragon Advisors Limited acted as agents for Asia Alternatives, Ropes & Gray LLP as legal counsel.

About Asia Alternatives Management LLC

Asia Alternatives is a 16-year-old solutions platform that helps institutional investors invest in private equity across Asia. The firm currently has approximately $16.5 billion in regulated assets under management.

Asia Alternatives invests with leading private equity fund managers in Asia, primarily in the China region (Mainland China, Taiwan and Hong Kong), Japan, Korea, Southeast Asia, India and Australia. The firm builds portfolios diversified across buyouts, growth and expansion, venture capital and specialty funds, and direct investments and secondaries. Asia Alternatives currently employs over 50 professionals across its offices in Hong Kong, Beijing, Shanghai and San Francisco. For more information, see www.asiaalternatives.com.

This press release does not constitute an offer of advice, an offer of securities, or an invitation to invest.

For more information:

Investor care: Melissa Ma

Asia Alternatives Management LLC

[email protected]

[email protected]

[email protected]

Media contact:

Steve Bruce/Taylor Ingraham
ASC Advisors LLC
Tel.: (203) 992-1230
[email protected]; [email protected]
Richard Barton
Finsbury Glover Hering
Tel.: +852 9301 2056
[email protected] Hattori
Finsbury Japan
Tel.: 070-7484-7703
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Original content from: Asia Alternatives Management LLC, transmitted by news aktuell


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