<article>Dutch development bank <a href="http://dealstreetasia.com/tag/FMO">FMO</a> has committed $15 million to education-focused PE firm Kaizen&#8217;s latest fund, <a href="https://www.dealstreetasia.com/?s=Kaizen+Private+Equity+Fund+II">Kaizen Private Equity Fund II</a>, which will invest in emerging countries in South and Southeast Asia.</article>

Dutch development bank <a href="http://dealstreetasia.com/tag/FMO">FMO</a> has committed $15 million to education-focused PE firm Kaizen&#8217;s latest fund, <a href="https://www.dealstreetasia.com/?s=Kaizen+Private+Equity+Fund+II">Kaizen Private Equity Fund II</a>, which will invest in emerging countries in South and Southeast Asia.
The fund, which targets to raise $125 million, will invest in core education, parallel education and enabling areas such as edtech, student housing and books. It targets to invest across India, the Philippines, Vietnam, Thailand and the rest of South and Southeast Asia.
Kaizen&#8217;s second fund will invest in equity and equity-linked securities in growth and early-growth companies.
Kaizen Private Equity Fund II marked the first close of the fund at $42 million in 2017. It made its first investment in Hyderabad-based International School of Engineering for an undisclosed sum and recently joined forces with Asian Development Bank to acquire a 20.28 per cent stake in Manila-based <a href="https://www.dealstreetasia.com/?s=Phinma+Education">Phinma Education </a>for $32.5 million.
The PE firm plans to invest in up to 15 firms with the ticket size of $8-15 million from this fund, according to a livemint report.
Initially focusing on India&#8217;s education sector, Kaizen closed the first fund at $70 million by raising capital from International Finance Corporation, Swiss Investment Fund for Emerging Markets, HDFC India, UBS Fund of Funds and Bertelsmann.
Some of its portfolio companies include ACE Creative Learning, Get Ahead Education, Impartus Innovations and Neev Knowledge Management.
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The private equity fund will invest in startups in education and related fields in the emerging countries of South and Southeast Asia.

FMO commits $15m to South and SE Asia-focused PE firm Kaizen's fund

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FMO commits $15m to South and SE Asia-focused PE firm Kaizen's fund

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