Asia focused private equity firm Creador is reportedly nearing a first close for its $250m second fund after two months on the road.
The firm expects to hold a $105m first close by mid to late August, said the Asian Venture Capital Journal.
At the time of the launch in May, Creador CEO told the publication that existing investors were willing to commit $100m to the new vehicle and there was interest for a further $50m to $75m.
The new fund follows Creador’s debut vehicle, which was close don $132m in January this year, falling short of its $350m target amid a difficult fundraising environment.
Also in January, Creador bought the Indonesian food business of Indian consumer goods company Godrej Consumer Products.
Vasudevan launched Creador in 2011 following more than a decade as a general partner and managing director of India focused growth investor ChrysCapital.
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