Chase Capital’s US$1 billion venture fund for Asia

By JulianMatthews
Thursday, February 24 2000

KUALA LUMPUR–Chase Capital Partners (CCP), one of the world’s largest providers of private equity capital, is about to close a US$1 billion fund for Asia in March.

Founder and managing general partner Jeffrey Walker told CNET Malaysia the new fund called Chase Capital Partners Asia will focus on investing in Japan, Hong Kong, Singapore, Korea, China, Taiwan and to a lesser extent, Malaysia, the Philippines, Indonesia and Thailand.

“The Asia Pacific region is definitely the greenfield place for foreign venture cap funds to shop around and seed new ideas, particularly in Internet-related investments. We expect many private equity funds to enter Asia soon, probably targeting more developed economies first. We are also targeting greater China given its huge market potential in the long run,” he said in reply to a CNET Malaysia query.

The Asian fund, which had its first close of US$521 million last May, is headed by Andrew Liu, the former president and managing director of Morgan Stanley Asia.
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