According to its founder and CEO, the Malaysian private equity firm Creador closed its sixth fund at $930 million, surpassing a $750 million target.
“Yes, correct. We closed sixth fund at $930 million, exceeding a $750-million target,” Brahmal Vasudevan told media.
Creador V was closed above target on $700 million in December 2022, according to previous reports.
A wide range of international investors, including well-known companies, foundations, family offices, and institutions, have contributed $3.1 billion to the firm since its founding.
In addition to Malaysia, Creador has investments in Singapore, Thailand, Vietnam, India, Indonesia, and the Philippines, according to its official website.
News outlets Nikkei Group’s DealStreetAsia and Private Equity International had previously covered the story.
A controlling interest in MG Group, a business-to-business (B2B) hospitality marketplace based in Indonesia, was acquired by Creador earlier this month from Northstar and other shareholders.
Since 2011, Creador has been an active investor in Indonesia, making significant investments in over ten businesses, such as Cimory, BFI Finance, Hermina Hospitals, and the newly listed Mr. D.I.Y. Indonesia on IDX.
In February of last year, it was announced that Creador had strategically invested $71.2 million in Asialink Finance Corp, an online lender to small and medium-sized businesses (SMEs) in the Philippines.
With this investment, Creador receives a seat on Asialink’s board of directors in addition to an 18% stake in the company.
According to Creador, it prioritized growth capital investments in South and Southeast Asia, particularly in Sri Lanka, Indonesia, Malaysia, the Philippines, Singapore, and India. According to the company, these markets benefit from a young and expanding population, a rapidly expanding middle class, and a lower but rising GDP per capita.
In South and Southeast Asia, the company has investments in a variety of sectors, including banking, retail fashion, convenience stores, and pharmacies.
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 are among the companies in its portfolio.
