<article>Kuala Lumpur-based private equity firm<a href="http://www.naviscapital.com/"> Navis Capital</a> has held the final close of its seventh Asia-focused fund after hitting its $1.5 target, DEALSTREETASIA has learnt.</article>

Kuala Lumpur-based private equity firm<a href="http://www.naviscapital.com/"> Navis Capital</a> has held the final close of its seventh Asia-focused fund after hitting its $1.5 target, DEALSTREETASIA has learnt.
The Fund that was launched in late 2013, will target majority stake in companies in the South East Asia region, with the exception of India. Part of the its Fund VII will also be set aside for deals that are Shariah-compliant or in line with Islamic laws.
Navis had closed its sixth fund in September 2010 at $1.2 billion and its fifth fund three years prior to that at $1 billion.
The company, which ranks among the largest private equity firms in South East Asia, plans to realise this year, the investments it made before the global financial crisis (GFC) in 2008, and aimed to see exits between $1.5 billion and $2 billion, its founding partner and co-managing partner Nicholas Bloy had recently told DEALSTREETASIA.
So far, the firm has invested about $250 million of the seventh fund, Bloy had added in his interaction.
The Kuala Lumpur-based firm has made over 65 controlling investments since its inception in 1998, and is now managing over $5 billion.
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Image: <a href="http://www.freedigitalphotos.net/images/stock-market-graph-and-bar-chart-photo-p263227">Freedigitalphotos.net</a>

Navis Capital achieves final close of $1.5b Fund VII

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Navis Capital achieves final close of $1.5b Fund VII

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