Asia Partners Closes Second Fund at US$474M

Asia Partners has closed its second fund, Asia Partners II, LP, at $474m, reflecting strong investor interest in the region's tech venture capital scene. Global investors, including institutional investors, family offices, and individuals from six continents, backed the fund. Notable returning investors included the International Development Finance Corporation and Deutsche Investitions- und Entwicklungsgesellschaft. The fundraise establishes Asia Partners as a leading player in the Southeast Asian tech investment landscape, with the necessary resources to identify and invest in promising tech startups.