Growtheum Capital Partners, set up by former GIC managing director of private equity Amit Kunal, has secured capital commitments for over half its debut fund, DealStreetAsia has learnt.
The private equity firm has raised at least $550 million for SEA Fund I, out of a target of $800 million, from a spate of institutional investors, including the International Finance Corporation (IFC) and Asian Development Bank (ADB). It is one of the largest Southeast Asia-dedicated vehicles in the market.