PRINT THIS PAGE Asian fund Navis Capital Partners closes on $315m hard cap15/08/2005. Source: AltAssets. 
 Navis Capital Partners has closed its latest private equity fund, Navis Asia Partners IV, on the hard cap of $315m. The new fund will focus on mid-sized control buy-outs in South and Southeast Asia. Navis Asia Partners IV has already made investments in four companies.
Almost all investors in the fund are institutional investors: 35 per cent are pension plans/insurance groups, 19 per cent are funds of funds, 18 per cent are government funds and agencies, 14 per cent are family offices and 14 per cent are other investors. By geography, 36 per cent of the investors come from Europe, 29 per cent from Asia, 24 per cent from the US and 11 per cent from the Middle East.
Investors include Adams Street Partners, AlpInvest Partners, CIMB, Employees' Provident Fund of Malaysia, INVESCO, Partners Group, Quilvest Capital, Sumitomo Corporation, Temasek, and Tokio Marine & Nichido Fire Insurance Co.
As with Navis' prior fund, a portion of the funds raised have been structured in a Shari'ah compliant parallel vehicle to meet the growing interest of certain local and Middle Eastern investors, according to Navis Capital.
Nicholas Bloy, one of the three founders of Navis, said, 'We have the support of a large and diversified investor group of extraordinary quality. We observe that our long-established strategy and record of focusing on control investing in South and Southeast Asia has struck a chord with investors.'
Navis was founded in 1998 by Nicholas Bloy, Richard Foyston and Rodney Muse, all formerly with The Boston Consulting Group. The firm manages $500m in committed funds.
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