ADV Opportunities Fund I Reaches a Final Close with US$545 Million in Capital Commitments (Asia)

Source: Eaton Partners, Asian Venture Capital Journal  |  Author(s): Tim Burroughs

Asia-focused private equity firm ADV Partners has reached a final close for its pan-Asia-focused fund, ADV Opportunities Fund I, with US$545 million in capital commitments. The fund primarily focuses on China and India, with Southeast Asia, developed Asia and Australia as opportunistic markets, and invests in mid-market companies across a range of industries. Fund of funds Asia Alternatives Management is an anchor investor in the vehicle, while additional investors include a sovereign wealth fund, a superannuation fund, multiple U.S. state pension programs, funds of funds, endowments and family offices. The fund, which held a first close in June 2014, has invested approximately 30 percent of the total capital raised to date.