Managers

The firm has raised $230m for India 2020 Fund III which received backing from investors including the International Finance Corporation, CDC Group and DEG.

The firm is opening a new Tokyo office to help diversify its LP base and accelerate its investment pace in Asia.

Fund XIII is 60% larger than its predecessor and was raised in a matter of months.

The former KKR Americas head has been focused on building the infrastructure of Navab Capital Partners before it starts fundraising.

DCP Capital, founded by former KKR alumni, gathered $1bn more than its $1.5bn target for its debut China fund – the largest fund raised inthe month.

South-East Asia retains the top spot as the most attractive market for investment, while China has overtaken India to claim second place, according to the latest investor survey from EMPEA.