Fund Managers

Asia Alternatives closes second FoF on $950m

The San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.

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Asia Alternatives, a fund of funds manager, has closed its second fund on $950 million, nearly double the size of its predecessor.

The firm said it will invest with top quartile managers diversified across strategy, vintage year and asset class in China, Japan, Korea and India. It will also consider opportunities in Southeast Asia, Australia and New Zealand.