ADV Partners closes debut fund at $545m
Friday, September 18, 2015
(PEI by Victoria Robson) – Hong Kong-based ADV Partners has closed its debut fund at $545 million, above its target of $500 million.
Investors in ADV Opportunities Fund I include Hong Kong-based Asia Alternatives Management, as well as a sovereign wealth fund, a superannuation fund, US state pension schemes, fund of funds, endowments and family offices, the firm said.
It is already about 30 percent invested, targeting mid-market opportunities across sectors with a focus on China and India and looking opportunistically at South East Asia and developed markets in Asia and Australasia. Its typical investment size is $25 million to $75 million.
