Malaysia PE firm targets $600m in first close of fifth fund

Malaysian private equity firm Creador, which launched its fifth fund last month, expects it to secure $600 million in its first close, said founder and CEO Brahmal Vasudevan.

We expect the first close in July. There is excellent demand. All existing investors [from previous funds] have re-upped [in the latest vehicle],” he told DealStreetAsia.

The move is less than two years after Creador collected $565 million for its fourth fund.

 Creador is a private equity firm focused on growth capital investments in South and Southeast Asia, primarily Malaysia, India, Indonesia, Vietnam, Singapore, and also in Philippines. The firm has raised close to $1.5 billion of investor commitments across 4 private equity funds since inception.