Nick Nash's Asia Partners makes first close of debut fund at $78m

Asia Partners co-founder Nick Nash

Singapore-based private equity (PE) firm Asia Partners, launched by former Sea Ltd president Nick Nash and former chief executive of B2C e-commerce of Naspers Oliver Rippel, has made a first close of $78 million for its debut fund, according to its official filing with the US Securities and Exchange Commission.

DealStreetAsia had reported in June, quoting an industry executive, that Asia Partners I secured about $80 million in its first close, with plans to raise over $300 million. The SEC filing, signed by Nash, showed that the fund received commitments from 18 investors.

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