Asia Partners Announces Final Close of Inaugural Fund at US$384,000,000
Southern Right Capital is pleased to announce the final close of Asia Partners' inaugural fund at US$384,000,000 in commitments.
Asia Partners I, LP (the 'Fund') is the largest debut technology fund in history specifically focused on Southeast Asia, and one of the region’s largest debut funds across all industries.
Asia Partners is a Singapore-based growth equity investment firm with six co-founders: Jill Cheong Hsi Min, Pitra Ciputra Harun, Nicholas Avinash Nash, Oliver Minho Rippel, Kien Nguyen, and Vorapol Supanusonti. Southern Right Capital formed a partnership with the team in the summer of 2019 shortly after launch.
Asia Partners is focused on the intersection of three key themes:
The long-term growth potential of Southeast Asia, a region with almost 10% of the world’s population.
The rapid growth of innovative technology and technology-enabled businesses in the region, many of which are platforms with pan-regional or global aspirations.
The scarcity of growth equity capital for these companies, particularly in the $20 million to $100 million investment size range, often described as the ‘Series C/D Gap’ between early- stage venture capital and the public capital markets.
Asia Partners has already invested more than US$90 million across its first three investments, which collectively have operations across every major economy in Southeast Asia.
The Limited Partners in the Fund include institutional investors, family offices, corporations, and individual investors across six continents. The Fund’s investors also include the U.S. International Development Finance Corporation (DFC) and the DEG from Germany.
“At Southern Right Capital, one of our founding principles is the importance of alignment - something we look for in the selection of our investment manager partners and demonstrate through investing ourselves as Limited Partners” said Gideon Nieuwoudt, Managing Partner of Southern Right Capital.
“In Asia Partners case, the co-founders and Advisory Board members make up more than 7% of the Fund’s capital, amongst the highest ratios in the industry and a fantastic testament to this shared value of strong alignment with Limited Partners. We are proud to have assisted Asia Partners with this fundraise and wish the team continued success.”
For more information, please visit www.asiapartners.com. The final close was also covered in the Wall Street Journal and Tech In Asia among other publications.