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Creador aims to close second fund in August

19 Jun 2014


malayIndia and Southeast Asia focused private equity firm Creador is reportedly expected to hold a final close on $250m.

The firm has already raised $220m, said the Asian Venture Capital Journal, citing a source familiar with the matter.

The fund has a hard cap of $300m and could eventually raise $275m, said the person.

Creador has already made six deals via the fund including the acquisition of an interest in Indian sanitary ware maker Somany Ceramics for $10m.

The fund has been on the road since May last year and is already substantially larger than Creador’s $130m debut fund closed in January 2013.

Creador made its first exit in April last year by selling half of its 10 per cent interest in Malaysian restaurant chain OldTown White Coffee for $15m for a cash return of two times.

In August last year Creador held a first close of $105m for the fund.

The firm was launched in 2012 by Brahmal Vasudevan, who had spent more than a decade as a general partner and managing director of India focused growth investor ChrysCapital.

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