Malaysia’s Navis Capital hits final close of Fund VIII, continuation fund

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Malaysia-based private equity firm Navis Capital Partners has reached the final close of two of its funds – Navis Asia Fund VIII and Navis Asia Green Loop Fund – at $900 million and $450 million, respectively. 

Navis VIII closed at a smaller amount compared to the firm’s seventh fund, the 2013-vintage Navis VII, which had a corpus of $1.5 billion. Navis started marketing Navis Asia Fund VIII around the second half of 2018 and was seeking to raise up to $1.9 billion for it, which means that the final close reached about 50% of its target. 

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