Transaction Details

February 26, 2021
New York

Deal Type

Private funds advisory

Deal Value

$384m

Deal Team

Mac Hofeditz, Jonathan Jameson, Reidan Cruz, Mike Pizzo, Jackson Avery

GCA advises Asia Partners on the closing of its inaugural USD 384m Fund

GCA is pleased to announce that our client, Asia Partners Ltd (“Asia Partners”), has held the final closing on USD 384M for its inaugural growth fund, Asia Partners I LP (the “Fund”). The Fund was successfully raised during the COVID-19 pandemic and received commitments from a diverse group of high-quality LPs.

Founded in 2019 by Nick Nash, previously Group President of SEA (NYSE: SE) and Oliver Rippel, previously CEO of B2C Commerce at Naspers Ltd (JSE: NPN), Asia Partners seeks to capitalise on the regions Series C/D financing gap by targeting later stage growth investments in technology and technology-enabled companies located in Southeast Asia.

The firm is based in Singapore and focuses on businesses with proven business models that are experiencing rapid YoY growth. Business segments include e-commerce, fintech, e-commerce logistics, online health and online travel among others. The team drives value through their deep regional business insights, global experience, and operating expertise.

The GCA Private Funds Group advised Asia Partners in connection with this fundraise. This deal adds to GCA’s extensive track record as a leading financial advisor in the private funds sector, with multiple successful fundraisings for a variety of private equity strategies. Since the inception of GCA’s private funds group in 2014, the group has advised on transactions in excess of USD 6 billion and 14 inaugural fundraises.

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