According to Azalea, the funds attracted a diverse group of investors from Singapore, Hong Kong, Japan, Korea and the Middle East. They include institutions, private banks, family offices, external asset managers and high-net-worth individuals.
Azalea Investment Management Pte. Ltd. (Azalea) has announced the closings of its funds, Altrium Co-Invest Fund I (ACF I) and Altrium Growth Fund I (AGF I).
ACF I raised US$268 million ($345.0 million) while AGF I closed at US$212 million. Both closings surpassed the funds’ target sizes of US$200 million each.
