Navis tops off Fund VII with shariah-compliant vehicle

Friday, January 30, 2015

(AVCJ by Tim Burroughs) – Navis Capital Partners has reached a final close of $1.5 billion on its seventh fund with the addition of a shariah-compliant parallel vehicle. The bulk of the international LP commitments, totaling around $1.3 billion, came by February of last year.

The Malaysia-headquartered GP reached a first close of $860 million in December 2013 after less than three months in the market. It set an initial target of $1.3 billion – reached within six months – and a hard cap of $1.5 billion.

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