Private Equity News & Analysis

SAIF Partners nears $1.25bn close

The Asian growth and venture capital firm is expected to close its fourth fund on $1.25bn in the coming weeks.

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SAIF Partners, which makes investments in India, Greater China and Korea, has raised almost $1.25 billion for its fourth fund, a source has confirmed with sister site PEI Asia. The firm was initially targeting $1.2 billion for SAIF Partners IV.
SAIF Partners was unavailable for comment.

The California Public Employees’ Retirement System has committed $120 million to SAIF Partners IV.

The firm raised $1.1 billion for Fund III, which closed in May 2007. LPs in that fund included Princeton University, Siguler Guff, Horseley Bridge Partners, AlpInvest, LGT, Harvard University, Robert Wood Johnson Foundation, Credit Suisse and Helsinki Pension Fund.

SAIF was set up in 2001 as part of SOFTBANK Corp, with Cisco Systems as its sole investor in the $400 million SOFTBANK Asia Infrastructure Fund. The team gained its independence in 2005 and raised $643 million for Fund II. 

Headquartered in Hong Kong, SAIF has other offices in Beijing, Shanghai, New Delhi, Mumbai and Hyderabad. The firm invests across growth sectors including consumer products and services, technology, media, telecom, financial services, healthcare, travel and tourism, and manufacturing.