Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ex-GIC Managers Raise $1.15 Billion in Axiom’s Third Fund

Don't Miss Out —
Follow us on:

March 19 (Bloomberg) -- Axiom Asia Private Capital, run by former managers of Singapore’s sovereign wealth fund, has raised $1.15 billion in a third fund that invests in private equity managers in Asia.

About 60 percent of the fund is raised from investors in the U.S. including Menlo Park, California-based William and Flora Hewlett Foundation and Comprehensive Financial Management, a family office based in Los Gatos, California, according to Chihtsung Lam, a managing partner at Singapore-based Axiom.

A quarter of the money came from European investors while most of the remainder was from the Middle East, Lam, who was previously with Government of Singapore Investment Corp., said in a telephone interview last week.

To contact the reporter on this story: Sanat Vallikappen in Singapore at vallikappen@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.