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Creador conquers $200m mark in second fundraise

17 Feb 2014

dollars 15_sqSoutheast Asia-focused private equity firm Creador has reportedly passed the $200m mark for its second fund thanks to a commitment from a US university endowment.

AltAssets revealed in August last year that the firm had hit a $105m first close for Fund II, putting it almost halfway to its $250m target.

The fundraise to date means the firm has easily outstripped the $130m it gathered for its debut fund in 2011.

At the time of the launch in May last year, Creador CEO Brahmal Vasudevan said existing investors were willing to commit $100m to the new vehicle and there was interest for a further $50m to $75m.

Creador I gained its first partial exit in April 2013 by selling almost half of its 10 per cent stake in Malaysian restaurant chain and instant coffee brand OldTown White Coffee for around $15m, generating a two-times money multiple and 101 per cent IRR.

Creador was launched by Vasudevan in 2011 following more than a decade as a general partner and managing director of India focused growth investor ChrysCapital.

Fimeris is acting as the global placement agent for Creador.

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