Singapore
IN a quiet launch last year, Azalea Investment Management, a subsidiary of Temasek Holdings, hit yet another milestone in its continuing efforts to innovate in the structuring of private equity (PE) funds.
The firm attracted capital commitments of US$650 million for Altrium Private Equity Fund I over three months to early December, its first fund of funds product targeted at the accredited investor market.
The fund had initially set a target to raise US$400 million. This may well be among the largest fund raisings by a private bank for PE.
For the private client segment of investors, Azalea worked exclusively with Credit Suisse. Investors also included institutions such as family offices,...
Keyword added to your list