Asia Partners raises $384m

The Singapore-based firm has raised capital for its debut fund.

Fund name: Asia Partners I
Amount raised: $384 million
Stage of fundraising: Final close
Launch date: May 2019
Final close date: March 2021

Asia Partners has held the final close for its debut fund, Asia Partners I, at $384 million. Capital raised by the vehicle will be used to invest in early-to-growth stage firms in the technology sector across South-East Asia.

The fund received commitments from several institutional investors, including $25 million from the International Development Finance Corporation and $22 million from DEG – Deutsche Investitions und Entwicklungsgesellschaft.