Malaysia-headquartered private equity firm Creador has closed its sixth fund at $930 million, exceeding a $750-million target, according to its Founder and Chief Executive Officer.

“Yes, correct. We closed sixth fund at $930 million, exceeding a $750-million target,” Brahmal Vasudevan told TNGlobal.

According to earlier reports, Creador V was closed above target on $700 million in December 2022.

Since its inception, the firm has raised $3.1 billion from a diverse group of global investors, including prominent corporations, foundations, family offices, and institutions.

Besides Malaysia, Creador also invests in India, Indonesia, Philippines, Singapore, Thailand and Vietnam, information from its official website showed.

Media outlets Private Equity International and Nikkei Group’s DealStreetAsia earlier reported the news.

Earlier this month, Creador has announced the acquisition of a controlling stake in MG Group, an Indonesia-based business to business (B2B) hospitality marketplace, from Northstar and other shareholders.

In Indonesia, Creador has been an active investor since 2011, making impactful investments in more than ten companies, including Hermina Hospitals, Cimory, BFI Finance, and the recently IDX-listed Mr. D.I.Y. Indonesia.

It was reported in February last year that Creador has made a strategic investment of $71.2 million in Asialink Finance Corp, an online lending firm to the Philippine small and medium enterprise (SME) sector.

This investment grants Creador an 18 percent stake in Asialink, alongside a seat on its board of directors.

Creador said it focused on growth capital investments in South and Southeast Asia primarily Indonesia, Malaysia, Philippines, Singapore, India and also in Sri Lanka. These markets benefit from a young and growing population, lower but rising GDP per capita and a rapidly growing middle class, the company added.

The firm’s investments span a wide range of industries in South and Southeast Asia, from finance, fashion retailer, convenience store, pharmacy, among others.

Its portfolio companies include BFI Finance, Media Nusantara Citra, Simba Indosnack Makmur, Bonia Group, Vectus Industries Limited, CTOS Holding Sdn Bhd, Asiamet Education Group Berhad, PC Jeweller Ltd, Ashiana Housing Ltd, Bank Index Selindo, Cisarua Mountain Dairy, RedCap Pharmacy, Nipress, 7-Eleven Malaysia Holdings Bhd, Corona Remedia, and MR. D.I.Y Group, etc, information from its Linkedin Page showed.

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