Specifically, the fund will not only allocate capital but also provide strategic support to leaders in the mid-market space in Southeast Asia, India and China, to drive growth of its portfolio companies in areas such as new market entry, merger and acquisition (M&A) and sustainability improvements.
Fullerton Fund Management has successfully raised US$100 million ($134.2 million) in the anchor close of its Fullerton Carbon Action Fund, a unique private equity fund designed to capture the potential of the climate market opportunity in Asia through investing in companies at the forefront of accelerating decarbonisation in the region.
The fund, managed by Fullerton’s alternatives team, will invest in market-leading businesses in the rapidly growing manufacturing, industrials, energy, and electric vehicles or mobility sectors. Established and profitable businesses with a healthy cash flow will be prioritised over earlier stage venture capital investments as well as infrastructure-related deals, due to their lower downside risks and possibility of attractive returns in the longer-term.
