SINGAPORE, Jan. 19, 2023 (GLOBE NEWSWIRE) — Capital Square Partners (“CSP”) and Basil Technology Partners (“BTP”) (collectively the “GP” or the “Team”), two Singapore-based non-public fairness companies, introduced in the present day a brand new partnership and the profitable shut of a c.US$700 million fund (“CSP Fund II” or the “Fund”). In seemingly a first-of-its-kind transaction in Asia, CSP Fund II raised capital from funds managed by HarbourVest Partners (“HarbourVest”), TPG NewQuest and Committed Advisors, in addition to different institutional buyers (collectively, the “Investors”), to amass a portfolio of firms from the GP’s current funds beneath administration in addition to present the enlarged platform with capital for follow-ons and new investments (the “Transaction”). The Team will function beneath the prevailing CSP platform because it seems to construct on a profitable track-record of investing in international know-how companies firms. HarbourVest and TPG NewQuest co-led the deal. HarbourVest led the structuring of the transaction.

The Transaction is believed to have established one of many largest know-how companies devoted funds in Asia and the mixture of the groups at CSP and BTP will considerably increase the platform’s execution capabilities. The Team consists of Sanjay Chakrabarty, Rajeev Srivastava, Mukesh Sharda, Bharat Rao (non-executive director), and Sameer Kanwar. Over the previous decade, the Team has managed in extra of US$1.3 billion in AUM and has operated and exited a number of firms within the know-how companies area, together with Minacs, Indecomm and GAVS Technologies.

Sanjay Chakrabarty, Partner, stated, “We are excited to be joined by the BTP team in building a leading regional technology investment platform, focused on leveraging our expertise in technology services and the emerging SaaS, AI, data analytics and digital sub-sectors. We believe these sectors will continue to show strength and resilience through economic cycles, and yield compelling investment opportunities for CSP Fund II. We look forward to our continued partnerships with best-in-class founders and companies.”

Rajeev Srivastava, Partner added, “We are thrilled to be growing our capabilities under the Capital Square Partners platform and appreciate the guidance from UBS in structuring this highly complex transaction. We are grateful for having HarbourVest as a capital partner as we embark on a new phase of growth for our portfolio companies and appreciate the strong endorsement from TPG NewQuest and Committed Advisors. We look forward to executing on an exciting pipeline of opportunities with CSP Fund II.”

UBS Private Funds Group suggested on the transaction.

Dechert was authorized advisor to Capital Square Partners and the Fund whereas Debevoise & Plimpton suggested the Investors.

About Capital Square Partners

Founded in 2014 and primarily based in Singapore, Capital Square Partners is a personal fairness agency investing throughout know-how and enterprise companies throughout Southeast Asia and India. Since its inception, Capital Square Partners has accomplished over US$500 million of investments in cross-border companies with multinational operations, adopting a value-oriented investing fashion centered on complicated conditions that require operational intervention. Capital Square Partners holds a Capital Markets License from the Monetary Authority of Singapore, as per the Securities & Futures Act of the Government of Singapore. For extra data, please go to www.capitalsquarepartners.com.

About Basil Technology Partners

Founded in 2008 and primarily based in Singapore, Basil Technology Partners is a personal fairness agency investing in area of interest applied sciences which are disrupting the IT companies area. With a core working workforce representing an combination of over 70 years of expertise in working IT service companies, Basil Technology Partners has accomplished investments of over US$200 million with a deal with development stage know-how firms, largely working with founder-led administration groups on a proprietary foundation to create off-market transactions at engaging entry multiples.

About HarbourVest

HarbourVest is an impartial, international non-public markets agency with 40 years of expertise and greater than US$103 billion of property beneath administration as of September 30, 2022. Our interwoven platform supplies shoppers entry to international major funds, secondary transactions, direct co-investments, actual property and infrastructure, and personal credit score. Our strengths lengthen throughout methods, enabled by our workforce of greater than 1,000 workers, together with greater than 200 funding professionals throughout Asia, Europe, and the Americas. Across our non-public markets platform, our workforce has dedicated greater than US$53 billion to newly-formed funds, accomplished over US$44 billion in secondary purchases, and invested over US$32 billion in instantly working firms. We associate strategically and plan our choices innovatively to offer our shoppers with entry, perception, and international alternatives.

About TPG NewQuest

TPG NewQuest is the main devoted secondary non-public fairness platform centered on the Asia-Pacific area with places of work in Singapore, Hong Kong, Beijing, Mumbai and Shenzhen. TPG NewQuest focuses on offering strategic liquidity options to non-public fairness asset house owners, together with non-public fairness funds, monetary establishments, firms, hedge funds and household places of work. TPG NewQuest was established in 2011 and at the moment manages 5 funds and related co-investment autos with capital commitments of over US$2.8 billion. TPG NewQuest is wholly owned by TPG, Inc. a number one international different asset administration agency with over US$135 billion in property beneath administration as of 30 September 2022. For extra data, please go to www.nqcap.com.

About Committed Advisors

Committed Advisors is a world impartial non-public fairness agency, with greater than US$5 billion of property beneath administration. The agency has deep expertise within the non-public fairness secondary market, having accomplished greater than 150 transactions since its inception in 2010. With places of work in Paris, New York and Singapore, Committed Advisors supplies a broad vary of options to buyers and common companions searching for liquidity or new choices for his or her non-public fairness property. For extra data, please go to www.committedadvisors.com.

Contact Information:

Lisa Masood

Email: info@capitalsquarepartners.com

Phone: +65.6202.4734