PE veteran behind LVMH arm launches own US$500m Asia fund
A second fund, Asia 3.0, will invest US$100m-US$200m in companies in Japan, China, Asean and Australia
Singapore
PRIVATE equity veteran and ex-LVMH executive Ravi Thakran has launched a new US$500 million growth fund less than two months after securing his first special purpose acquisition company (Spac), at an unusually quick pace to capture growing exuberance in Asia's consumer industry. (see amendment note)
The US$500 million GCC Asia growth fund will target younger companies in South-east Asia, India and the Middle East that have at least US$100 million in revenue and a positive Ebitda of US$10 million. Ticket sizes could range between US$10 million to US$50 million for this fund.
Mr Thakran, who founded the Asian division of LVMH's private equity arm, will also launch a second PE fund this year, with a targeted war chest of US$1 billion to US$1.5 bi…
A NEWSLETTER FOR YOU
Garage
The hottest news on all things startup and tech to kickstart your week.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder
Telemedicine platforms evolve beyond virtual consultations
Funding concentration seen in emerging tech startups: SGInnovate report