KUALA LUMPUR, 16 JULY: Creador’s fifth flagship investment vehicle, Creador V, has raised US$500 million in its first close (RM2.1 billion). Creador V, the firm’s largest first closure to date, occurred four months after it initially invited investors on board in March 2021, according to a statement released today.
“As a result of the Covid-19 epidemic, the fundraising was unique in that it was done without the benefit of in-person meetings,” it claimed.
Almost all existing Creador IV investors chose to invest in the firm’s fifth flagship investment vehicle, indicating their faith in the firm’s previous funds’ performance.
“We aim to reach the hardcap of US$680 million (RM2.85 billion) by the end of 2021, thanks to robust interest from both existing and new investors.”
“With the addition of this new fund, the firm’s total assets under management will exceed US$2 billion (RM8.4 billion),” it noted.
The private equity firm stated that as part of this new fund, it has a solid pipeline of new acquisitions, the first three of which will be unveiled in August 2021.
Creador has previously stated that it hoped to raise $600 million for its fifth fund, with ambitions to invest in Thailand, a new market for the company.
Also read:Creador is preparing to raise $600 million for its sixth fund, according to a report/n
