Altrium PE fund of funds a hit among high net worth clients
Temasek subsidiary Azalea attracted capital commitments of US$650m for its first FoF targeted at the accredited investor market.
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Genevieve Cua
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.
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