Asia Partners, a Singapore-based growth equity investment firm, has held the final close of its inaugural fund, Asia Partners I LP, at USD384 million in commitments.

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 focused on the intersection of three key themes:

• The long-term growth potential of Southeast Asia, a region with almost 10 per cent 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 USD20 million to USD100 million investment size range, often described as the ‘Series C/D Gap’ between early- stage venture capital and the public capital markets.

“At Asia Partners, we believe deeply in the potential for growth equity to accelerate economic growth throughout Southeast Asia,” says Oliver Minho Rippel, a Partner of the firm and a member of the Investment Committee.

Read more at Private Equity Wire

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