DEG, the investment arm of German state-owned development bank KfW, has committed to invest $30 million in the latest private equity fund of Singapore-headquartered Asia Partners, according to a disclosure.
Asia Partners, launched by former Sea Ltd president Nick Nash and Naspers B2C e-commerce division’s former CEO Oliver Rippel, has filed in April to raise Asia Partners II, about a year after it secured $384 million for its inaugural growth fund.