Creador raises $500m for fifth vehicle

Malaysia-based private equity firm's fifth fund has a first close.

Fund name: Creador V
Amount raised: $500 million
Target size: $650 million
Stage of fundraising: First close

Creador, a Malaysia-based private equity firm has made the first close of its fifth fund at $500 million. Creador V is targeting $650 million and will invest across countries in South and Southeast Asia.

In terms of sector focus, the vehicle will invest in mid-cap businesses that operate in the TMT, healthcare, financial services, manufacturing and consumer goods industry.