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AGCA Announces Acquisition by HarbourVest, Axiom Asia Consortium of Seasoned pan Asian Private Equity Portfolio

  AGCA Announces Acquisition by HarbourVest, Axiom Asia Consortium of Seasoned
  pan Asian Private Equity Portfolio

Business Wire

SINGAPORE -- February 5, 2013

Asia Growth Capital Advisors ("AGCA"), announced today the acquisition of a
portfolio of seasoned private equity investments in Asia from Credit Suisse,
its affiliates and other investors in Credit Suisse Private Equity Asia
Partners, L.P. ("CSPEA").

AGCA worked with HarbourVest Partners, LLC ("HarbourVest"), the lead investor
in this transaction. HarbourVest has a long history of private equity
investing in the region with deep experience in executing complex portfolio
transactions of this nature. In addition, Axiom Asia Private Capital ("Axiom
Asia"), which has a focus on private equity investing in the Asia Pacific
region, helped to underwrite and consummate the transaction.

AGCA is a Singapore based private equity firm, that focuses on opportunities
in India and South East Asia. The firm was founded in 2010 by Harjit Bhatia
and Soma Ghosal Dhar, formerly Chairman & Managing Partner and Partner
respectively at CSPEA. Mr. Bhatia has over 38 years investing experience in
Asia Pacific region across private equity, industrial lending, corporate
finance and investment banking areas from his prior times with General
Electric Company, Deutsche Bank, State Bank of India and Ritchie Capital in
various leadership roles. Ms. Ghosal Dhar has over 15 years of private equity
investing experience and was most recently a Partner at CSPEA where she was
responsible for originating and advising on private equity opportunities in
India. Ms. Ghosal Dhar's prior experience also includes stints at Ritchie
Capital Management and GE Equity.

On this transaction, the founders of AGCA, said, "We are very excited about
this partnership with HarbourVest and Axiom Asia which will enable AGCA to
continue providing its advice to the portfolio companies and help them grow.
Furthermore, this partnership, in the future, will allow AGCA to provide a
platform for liquidity and secondary solutions to existing private equity
investors in Asia, specifically in India and South East Asia".

Tim Flower, a Principal at HarbourVest's Asia affiliate, commented, "We are
very pleased to work with AGCA on this transaction. We see a significant
opportunity to acquire, restructure and support existing private equity
portfolios in India and South East Asia and expect to work together with the
team at AGCA in the future on similar secondary direct deals."

Alex Sao-Wei Lee, Partner and Head of Secondary Investments at Axiom Asia,
recounted, "We are very pleased to be working with AGCA on this transaction
and look forward to a successful partnership with them."

About the Limited Partners

HarbourVest Partners, LLC is an independent global private equity firm that
invests in venture capital, buyout, mezzanine debt, and distressed debt
through primary partnerships, secondary purchases, and direct investments.
Since 1986, HarbourVest has been a leading buyer of private equity assets,
acquiring $9 billion of assets in over 350 deals of all stages, types,
vintages, and geographies and working with many types of sellers, including
financial institutions, corporations, pension plans, governmental entities,
endowments, and family offices. This flexibility enables HarbourVest to offer
sellers of private equity comprehensive liquidity solutions. The firm's
clients consist of 300 institutional investors, including pension funds,
endowments, foundations, and financial institutions throughout the U.S.,
Canada, Europe, Australia, Latin America and Japan. As part of its track
record of secondary direct transactions in Asia, HarbourVest also co-led the
spin out of the Bank of America Merrill Lynch private equity portfolio in 2011
and is the single largest investor in that transaction. To learn more, please
visit www.harbourvest.com.

Axiom Asia is an independent private equity fund of funds manager focusing on
primary fund investments, secondary purchases and co-investments in buyout,
venture capital and growth capital opportunities in the Asia Pacific region.
With 11 investment professionals based in Singapore, Axiom Asia has one of the
largest and most experienced teams dedicated to private equity fund investing
in Asia. An active buyer of Asian secondary interests, Axiom Asia has provided
efficient liquidity solutions for global investors across a variety of
secondary transactions involving Asian assets, from fund positions to
portfolios of direct investments. For more information, please visit
www.axiomasia.com.

Contact:

AGCA
Soma Ghosal, +65-6808-6154