PE veteran behind LVMH arm launches own US$500m Asia fund

A second fund, Asia 3.0, will invest US$100m-US$200m in companies in Japan, China, Asean and Australia

Published Thu, Oct 22, 2020 · 09:50 PM

Singapore

PRIVATE equity veteran and ex-LVMH executive Ravi Thakran has launched a new US$500 million growth fund less than two months after securing his first special purpose acquisition company (Spac), at an unusually quick pace to capture growing exuberance in Asia's consumer industry. (see amendment note)

The US$500 million GCC Asia growth fund will target younger companies in South-east Asia, India and the Middle East that have at least US$100 million in revenue and a positive Ebitda of US$10 million. Ticket sizes could range between US$10 million to US$50 million for this fund.

Mr Thakran, who founded the Asian division of LVMH's private equity arm, will also launch a second PE fund this year, with a targeted war chest of US$1 billion to US$1.5 bi…