Creador to launch new fund of up to $600m by 2018

South and Southeast Asia-focused private equity (PE) firm Creador is planning to launch a new $500-600 million fund by 2018, according to a report in Business Standard citing sources.

The new fund, the firm’s fourth, is expected to launch by next year and will primarily focus on India, Indonesia, Malaysia, the Philippines, Singapore and Sri Lanka, the report added.

In response to an email query from this portal, the PE firm’s spokesperson said the company had no comment to offer.

Creador focuses on long-term investments in growth-oriented businesses in South- and Southeast Asia. It is one of the most active PE firms in Southeast Asia and India and closed its third fund this year.

The PE firm manages assets worth $875 million across its three funds. In India, it has backed around 10 companies and is currently investing from its $415-million third fund.

Last week, Creador announced its investment in publicly-listed Ujjivan Financial Services Ltd, picking up a five per cent stake for Rs 215 crore from Cinnamon Capital.

Prior to that, it had invested Rs 275 crore in hospital chain Paras Healthcare for a 20 per cent stake. It had also invested in Ahmedabad-based pharmaceutical company Corona Remedies Pvt. Ltd.

Creador had previously invested RM57 million ($13 million) in Malaysian company Bake With Yen (BWY) Group.

Also Read:

Creador invests $13m in Malaysian chain Bake With Yen

PE firm Creador invests $33m in India’s Ujjivan Financial for 5% stake

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.