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PE firm Asia Partners raises USD474m for second SE Asia fund



Singapore-based private equity firm Asia Partners has closed its second Southeast Asia tech fund at USD474m, signalling strong investor interest in the region. This latest closure brings the firm’s total assets under management to USD1bn. Targeting investments between USD20m and USD100m, Asia Partners aims to leverage the region’s economic and digital growth. More than 9% of the fund’s capital comes from the company’s employees and advisory board members, with a diverse investor base including family offices and institutional investors worldwide. Despite global challenges in IPOs and fundraising, the firm remains optimistic about Southeast Asia’s potential, highlighted by a rapidly expanding digital economy. The region, however, faces hurdles like varying languages, differing consumer preferences and regulations. Asia Partners’ recent significant investments include Singapore’s ShopBack and telemedicine provider Doctor Anywhere.

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