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Affinity Plans 4th Asia Fund Eyes Indonesia
February 9, 2010
Affinity Equity Partners, an Asia-focused private equity company founded by former top UBS bankers, is working on a plan to raise a new multi-billion-dollar buyout fund to tap more deals in the fast-growing region, sources said on Monday.
The company, founded in 2002 by K.Y. Tang, former chairman of UBS Capital, Asia Pacific, aimed to exceed the size of its most recent fund — Affinity Asia Pacific Fund III at $2.8 billion — for the fourth fund, the sources said.
Major institutional investors, known as limited partners, in Affinity, had been briefed on the plans, although formal fund-raising road shows would start in the second half, said the sources familiar with the matter.
Original Posting At: JakartaPost
Additional Posting At: Reuters
Additional Posting At: AltAssets
The company, founded in 2002 by K.Y. Tang, former chairman of UBS Capital, Asia Pacific, aimed to exceed the size of its most recent fund — Affinity Asia Pacific Fund III at $2.8 billion — for the fourth fund, the sources said.
Major institutional investors, known as limited partners, in Affinity, had been briefed on the plans, although formal fund-raising road shows would start in the second half, said the sources familiar with the matter.
Original Posting At: JakartaPost
Additional Posting At: Reuters
Additional Posting At: AltAssets
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