PEI: KV Asia Capital raised US$250 million & Riverside raised US$115 million for Asia Pacific deals

The private equity firm, KV Asia capital, co-founded by ex-Citi and StanChart executive Karam Butalia is near a final close on its debut vehicle, which targets Southeast Asia. KV Asia Capital is aiming for a $250 million final close for its maiden fund. The fund, which was set up by former Standard Chartered Private Equity executives, will invest in companies across Southeast Asia, including Singapore, Malaysia, Indonesia and Thailand. It will target midmarket companies, investing $25 million to $75 million per deal, said a person familiar with the fund. Meanwhile, Riverside raises $115m for Asia fund. The global fund made a second close on its latest Asia-Pacific vehicle weeks before making its first-ever New Zealand investment.

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