Axiom Asia Private Capital Management Services, L.P.,a Singapore-based firm focusing on fund investments in buyout, venture capital and growth capital opportunities in the Asia Pacific Region, announced the final closing of its second fund, Axiom Asia Private Capital Fund II, L.P.
Axiom II’s total investor commitments of US$950m exceeded the initial target of US$750m.
It is the successor to Axiom Asia Private Capital Fund I, L.P., the firm’s first fund, which had US$440m of investor commitments and commenced investing in 2006.
The new fund will invest in a portfolio of management buyout, venture capital, growth capital and other private equity funds in Greater China, India, Japan, Southeast Asia, Korea and Australia.
Axiom II will typically target investments of up to US$100m per fund and will also target select investments in secondary fund interests and portfolio companies alongside invested funds.
The vehicle is managed by one of Asia’s largest and most experienced private equity fund of funds investment teams led by Yewhong Goh, Chihtsung Lam, and Edmond Ng.
San Francisco-based Probitas Partners acted as principal placement agent for Axiom II.