Ancora Closes Second Fund on US$128 Million (Asia)
Source: Asian Venture Capital Journal | Author: Tim Burroughs
Indonesia-focused private equity firm Ancora Capital has held a final close on its second fund with US$128 million in capital commitments. The vehicle is currently 40 percent deployed, having made three investments since its launch in early 2011. The fund, which was originally targeting US$300 million, reached a first close of US$70 million in April 2011. Khazanah Nasional, the Malaysian government’s investment holding arm, committed to the fund as an anchor limited partner.