- Singapore’s Asia Partners secured $474 million for its second fund.
- Backing 7 Southeast Asian companies, Asia Partners leverages hands-on help and regional expertise.
- Asia Partners spots and assists promising regional breakouts.
Securing $474M for the second fund
Singapore-based growth equity firm Asia Partners has announced the final close of its second flagship fund, securing $474 million in fresh capital commitments from LPs. With total assets exceeding $1 billion, the fundraising underscores investor conviction in Asia Partners’ Southeast Asia investment strategy.
Dubbed Asia Partners II LP, the new fund crossed its target to raise 23% more than the firm’s $384 million debut vehicle in 2019. Founded by ex-Northstar Group managing partner Nick Nash, Asia Partners focuses on technology-enabled companies reaching inflection points.
“We continue to believe this decade will be a golden age of entrepreneurship and innovation for Southeast Asia,” said partner Oliver Minho Rippel, citing sizable market opportunities. The firm has built a portfolio of 7 companies spanning e-commerce, healthcare, fintech, and other high-growth sectors.
Expectation exceeds
Notable investments include unicorns like cross-border shopping platform ShopBack and telehealth provider Doctor Anywhere. Asia Partners says its hands-on approach and regional operating expertise help portfolio companies scale efficiently amid SEA’s post-pandemic internet economy boom.
Asia Partners appears poised to cement its reputation for identifying and adding value to promising Southeast Asian breakout stars.
