Affirma Capital raises $403m

The Singapore-based firm has held the first close of Ascenta V.

Fund name: Ascenta V
Amount raised: $403 million
Target size: $636 million
Stage of Fundraising: First close

Affirma Capital has held the first close of Ascenta V at $403 million. The fund has a target size of $636 million and expects to hold final close in October 2021, as confirmed by the firm. The vehicle will invest in mid-market buyout and growth capital opportunities across diversified sectors in Asia-Pacific.