Singapore-based Tower Capital Asia closes maiden PE fund at $379m

Singapore-based Tower Capital Asia closes maiden PE fund at $379m

Singapore-based, mid-market private equity firm Tower Capital Asia has closed its maiden blind-pool private equity fund at $379 million, surpassing the firm’s original target of $300 million.

The vehicle, Tower Capital PE Fund I, comprises $324 million in primary commitments and $55 million in co-investment commitments, the firm said in a statement.

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