German investor DEG commits $30m to Asia Partners’ second PE fund

German investor DEG commits $30m to Asia Partners’ second PE fund

Nick Nash during his opening keynote address titled "Have we hit the bottom? Where do we go from here?" at the Asia PE-VC Summit 2022.

DEG, the investment arm of German state-owned development bank KfW, has committed to invest $30 million in the latest private equity fund of Singapore-headquartered Asia Partners, according to a disclosure.

Asia Partners, launched by former Sea Ltd president Nick Nash and Naspers B2C e-commerce division’s former CEO Oliver Rippel, has filed in April to raise Asia Partners II, about a year after it secured $384 million for its inaugural growth fund.

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