Southern Capital Closes Fund III (Asia)

Source: Private Equity International  |  Author: Christopher Witkowsky

Southeast Asia-focused private equity buyout firm Southern Capital Group (SCG) has reportedly closed its third fund with US$408 million in commitments, surpassing its target of US$350 million. SCG targets middle market businesses with enterprise values of between US$20 million and US$200 million. SCG’s prior funds include Mulberry Asia Fund II, which closed in 2009 on US$300 million.