Global alternative asset manager ICG has held the final close of its Asia Pacific Fund IV at $1.1 billion, exceeding its target of $1 billion.
Fund V, which is 60 per cent larger than its predecessor fund, received support from a broad and international group of investors looking for exposure to Asia and is currently 32% deployed, with four deals completed to date.
The fund represents ICG’s flagship strategy for Asia, with 20 years of track record in the region, focusing on locally sourced and directly originated mid-market companies in developed Asia.
Read more: Private Equity Wire
