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.
