L Capital Asia raises $950M for second fund, to go slow on India deals | VCCircle
Join us : Twitter Facebook Linkedin Youtube

Search form

Home >> Private Equity >>
print icon

L Capital Asia raises $950M for second fund, to go slow on India deals

BY  Madhav A Chanchani
Even as it stays interested in India over the long term, the private equity firm feels that on a relative basis other markets in Asia are much more attractive right now.

L Capital Asia, a private equity firm backed by $37 billion global luxury conglomerate LVMH group, has raised $950 million for its second fund in one of the quickest fundraising rounds in the region. L Capital Asia 2 made a first and final close within six months of launching the fund, exceeding the initial target of $800 million.

While the firm found backing from its existing limited partners (LPs), L Capital Asia 2 has 'geographically well diversified' investors with commitments from institutions including sovereign wealth funds, fund of funds, family offices and pension funds.

"(One of the factors for...

Register Now
Already registered? Login

A Premium membership gives you:

  • Access to all premium articles including exclusives, analyses & commentary.
  • Access to archives of over six years.
  • Exclusive interviews with top fund managers, CEOs and bankers.
Get Access
Enter your VCCircle username.
Enter the password that accompanies your username.

Upcoming Events

chinetwork

Copyright © 2014 VCCircle.com.
A property of Mosaic Media Ventures Pvt Ltd.