Affirma Capital raises $462m

The Singapore-based firm has held the final close for its fifth buyout fund.

Fund: Ascenta V
Amount raised: 543.4 billion Korean won
Target: 500 billion Korean won
Stage of fundraising: Final close
Predecessor fund:  Ascenta IV (256 billion Korean won)

Affirma Capital has held the final close of Ascenta V at 543.4 billion Korean won ($462 million; €397 million), as confirmed by the firm. The vehicle will invest in mid-market buyout and growth capital opportunities across diversified sectors in the Asia-Pacific region.