Dymon Asia Private Equity Closes Third Fund At Hard Cap Of USD 650 Million


South-East Asia focused Dymon Asia Private Equity has successfully completed the final close of its third private equity fund, Dymon Asia Private Equity (S.E. Asia) Fund III, LP (“the Fund”), less than six months after launching the Fund.

The Fund had an original target size of USD 550 million when it was initially launched in April 2022. The response from distinguished institutional investors comprising public pension funds, endowments, banks and insurance companies, fund-of-funds, and large multi-generational family offices, were very positive, despite the challenging overall macro environment.

The Fund aims to partner with and invest into leading companies across South-East Asia in sectors that are freely competitive, growing and strategically important. The Fund also aims to unlock value in companies, together with business founders or management, through transformative initiatives.

Keith Tan, Managing Partner, commented, “My partners, the team and I are extremely grateful for the trust given by existing and new investors. We have shown in the past that we can navigate through challenging periods and deliver strong returns. We intend to continue with this strong partnership approach even as we explore newer opportunities in the region.”

With the Fund closing, Dymon Asia Private Equity now manages c. USD 1.3 billion across its three funds. The first and second fund invested into 12 and 14 companies respectively with 8 investments already exited. The Fund has a focus on privatisations, management-led buyouts, and growth capital investments in South-East Asia.

Gerald Chiu, Managing Partner, added, “Over a typical 3-5 years holding period, we work with founders and management teams on issues such as succession planning, technology implementation and acquisitions. We are proud to say that this has helped raise the competencies and attractiveness of our investee companies such that their leadership positions are further strengthened, making them attractive to trade buyers or the IPO market.”

The Firm has expanded beyond its original founding in Singapore. Today it also has offices in Kuala Lumpur and Bangkok.

Tan Chow Yin, Managing Partner, said, “South-East Asia is dynamic yet challenging, probably the most diverse region in the world. We understand entrepreneurs and management teams here and their challenges. Over the years, we have built up a highly skilled team with functional expertise to assist, be it in digital commerce, operational excellence and increasingly addressing ESG challenges.”

Earlier in 2022, Dymon Asia Private Equity promoted Gabriel Ho to Partner, and Thein Shao Ming to Managing Director. With the successful fund raising, Dymon Asia Private Equity expects to further increase its presence across South-East Asia and add to its team.

About Dymon Asia Private Equity
Dymon Asia Private Equity (“DAPE”) was established in 2012. The first fund, Dymon Asia Private Equity (S.E. Asia) Fund had its final close in 2014 with SGD 300 million of commitments. The second fund, Dymon Asia Private Equity (S.E. Asia) Fund II had its final close in 2018 with a hard cap of USD 450 million.

DAPE has successfully completed 26 investments, comprising a bespoke mix of buyouts, growth equity investments and privatisation investments. It has so far exited 8 investments, via trade-sale and IPO.

DAPE was established with the objective of investing in, and partnering with, successful businesses in South-East Asia’s vibrant mid-market space