Asia Partners makes another close of debut PE fund at $282m

Photo; Nick Nash (left) and Oliver Rippel (right) at DealStreetAsia’s Subscriber Special event in Singapore. (July 2019) Photo: DealStreetAsia

Asia Partners — the Singapore-based private equity (PE) firm launched by former Sea Ltd president Nick Nash and Naspers B2C e-commerce division’s former CEO Oliver Rippel — has made another close of its debut fund at $282 million, its filing with the US Securities and Exchange Commission showed.

Asia Partners did not specify the hard cap and timeline for its maiden vehicle, Asia Partners I, but industry sources said the firm is targeting to raise around $350 million for the fund that focuses on Southeast Asian tech startups.

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