Axiom raises $668m

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Axiom Asia Private Capital has raised $668 million for its Axiom Asia IV, according to a SEC filing. The Singapore-headquartered firm began fundraising in 2015 with an undisclosed target.

Its previous fund raised $1.2 billion in 2012.

Investors that committed to Axiom Asia IV include the Montana Board of Investments, the Michigan Department of Treasury and the Caledonia Investments.

The fund will target private equity fund opportunities in a diverse number of sectors in the Asia-Pacific.