SG-based PE firm Novo Tellus raises $250m for second SE Asia fund

SG-based PE firm Novo Tellus raises $250m for second SE Asia fund

Singapore city skyline. Photo: Nicky Loh/Bloomberg

Novo Tellus, a Singapore-based private equity firm that focuses on mid-market technology and industrials sectors of Southeast Asia, has reached the final close of Novo Tellus PE Fund 2 at $250 million.

According to a statement from FIRSTavenue, the global placement agent for the fundraise, the PE fund was closed 43% above its target and attracted global institutional investors, which accounted for 88% of the fund’s commitments.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter