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.