By Tanu Pandey
The fund has already invested over $350 million in various portfolio firms.
The fund will also establish JVs with global consumer brands operating in China to accelerate their localisation as well as internationalisation of Chinese brands.
Kiwoom Asset Management will develop and launch new products to invest in Vietnam-based assets, including a multi-asset fund, an index fund, a real estate fund and a fixed-income/corporate bonds fund.
The fund was launched in August 2017 and was expected to wrap up fundraising by the end of 2018.
The firm will continue its focus on four core sectors—financial services, healthcare, business services, and consumer—but may selectively evaluate deals in manufacturing and digital.
AION Capital had raised its maiden fund in 2014 at $825 million and is in the process of raising its second fund.
PCI is a subsidiary of Chuan Hup Holdings, which currently owns a 76.7 per cent stake in the company.
With the implementation of the insolvency and bankruptcy code (IBC) in 2016, global and domestic PE funds as well as stressed assets specialists are now scouting for opportunities in India.
Could 2019 mark the coming of age of PE in SE Asia? We ask industry insiders and look at top fundraisings and deals in 2018.
Data analytics firm Fractal’s current investors include Khazanah, TA Associates and Mirc Electronics Ltd’s chairman Gulu Mirchandani.