Tags: axiom | asia | fund

Ex-GIC Managers Raise $1.15 Billion in Axiom Asia Fund

Sunday, 18 Mar 2012 02:48 PM

Axiom Asia Private Capital, run by former managers of Singapore’s sovereign wealth fund, has raised $1.15 billion in a third fund that invests in private equity managers in Asia.

About 60 percent of the fund is raised from investors in the U.S. including Menlo Park, California-based William and Flora Hewlett Foundation and Comprehensive Financial Management, a family office based in Los Gatos, California, according to Chihtsung Lam, a managing partner at Singapore-based Axiom.

A quarter of the money came from European investors while most of the remainder was from the Middle East, Lam, who was previously with Government of Singapore Investment Corp., said in a telephone interview last week.

© Copyright 2017 Bloomberg News. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved