Asia Digest: Affirma Capital completes MBO of SCPE; Nyca closes $210m third fund

Asia Digest: Affirma Capital completes MBO of SCPE; Nyca closes $210m third fund

A sign hangs above the entrance to the headquarters of Standard Chartered Plc in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Affirma Capital, the private equity business spun off from Standard Chartered Bank (SCB), has completed its management buyout from the bank after a three-year process. Meanwhile, American fintech investor Nyca Partners, which operates a fund backed by Thailand’s Digital Ventures, has closed its third vehicle at $210 million.

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