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Asia Partners is a growth equity investment firm based in Singapore, established to address the Series C and D funding gap in Southeast Asia. Founded by experienced operators and investors, the firm focuses on high-growth technology and technology-enabled companies. The firm was created to empower Southeast Asian founders to build a new generation of tech giants, leveraging the collective experience of its co-founders who have previously built and led multi-billion dollar companies.
As of January 2024, Asia Partners has closed its second fund, Asia Partners II, at $474 million, bringing its total assets under management (AUM) to $1 billion. The firm primarily invests in lower middle market growth equity, targeting check sizes between $20 million and $100 million. Asia Partners emphasizes founder-led businesses with validated technology and customer value propositions, aiming to support companies in scaling and achieving their full potential.
Asia Partners operates with a thesis-driven investment strategy, focusing on regional expansion and technology upgrades. The firm has a strong presence in Southeast Asia, particularly in markets such as Indonesia, Singapore, Vietnam, Thailand, Malaysia, and the Philippines. Their commitment to operational support around governance, technology upgrades, and preparation for later financing rounds or IPOs distinguishes them in the competitive landscape.
Asia Partners targets investments in technology and technology-enabled sectors, including fintech, healthcare, logistics, consumer, and e-commerce. The firm specifically focuses on lower middle market growth equity investments, typically ranging from $20 million to $100 million. Their investment strategy is thesis-driven, identifying early sector leads and emphasizing regional expansion and technology upgrades.
Asia Partners seeks founder-led businesses that have demonstrated product-market fit and meaningful revenue traction. The firm aims to empower these companies to become regional leaders by providing not only capital but also operational support. This includes assistance with governance, technology upgrades, and preparation for future financing rounds or IPOs. Their geographic focus is primarily on Southeast Asia, where they believe the next generation of tech giants will emerge.
Asia Partners has invested in several notable companies within its portfolio, including:
These investments reflect Asia Partners' commitment to supporting high-growth technology and technology-enabled companies in the region. The firm has a total of 12 portfolio companies, indicating a diverse investment strategy across various sectors. Their focus on companies with proven product-market fit and significant revenue traction positions them well to capitalize on the growing demand for technology solutions in Southeast Asia.
Nicholas A. Nash - Co-Founder & Managing Partner. Nicholas previously served as Group President of Sea from 2014 to 2018, where he led the company's NYSE IPO that raised $989 million. He co-founded and led General Atlantic's Southeast Asia business, with investments including Genpact and Sea.
Oliver Minho Rippel - Co-Founder & Partner. Oliver was formerly the CEO of B2C e-commerce at Naspers, where he led investments in Flipkart and served on its board. His leadership contributed to a $2.2 billion exit for Naspers when Flipkart was acquired by Walmart.
Jill Cheong Hsi Min - Co-Founder, Managing Director & Chief Financial Officer. Jill is a co-founder and oversees finance and compliance at Asia Partners.
Vorapol (Brook) Supanusonti - Co-Founder, Managing Director & Thailand Country Head. Brook focuses on investments in Thailand and brings extensive regional expertise.
Pitra Harun - Co-Founder, Managing Director & Indonesia Country Head. Pitra leads the firm's efforts in Indonesia, leveraging his background in the local market.
Kien T. Nguyen - Co-Founder, Managing Director & Vietnam Country Head. Kien focuses on investments in Vietnam, contributing to the firm's regional strategy.
Sean Oh - Vice President. Sean plays a key role in sourcing and evaluating investment opportunities.
Swapnil Chichani - Vice President. Swapnil is involved in deal execution and portfolio management.
Friska Claudia - Vice President. Friska supports the investment team in various capacities.
Rachel Xia - Senior Associate. Rachel assists in research and analysis for potential investments.
Yin Kiat See - Finance and Operations Manager. Yin Kiat manages financial operations within the firm.
Zhang Chen - Finance & Operations Associate. Zhang supports the finance team with operational tasks.
Yap Pei Ling - Finance & Operations Manager. Yap oversees financial reporting and compliance.
Christina Neo - Office Manager. Christina manages office operations and logistics.
Rozan Darta - Associate. Rozan assists in investment analysis and due diligence.
Choy Onn Mun - Associate. Choy supports the investment team in various projects.
Nicole Lim - Executive Assistant. Nicole provides administrative support to the partners.
To pitch to Asia Partners, founders should use the investor portal available at ipreoprism.com. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, financial projections, and traction metrics. The firm prefers detailed information on how the funding will be utilized to drive growth.
Asia Partners typically responds to inquiries within a few weeks, but founders are encouraged to follow up if they do not receive a response. Warm introductions are beneficial but not mandatory. The firm values clarity and thoroughness in the pitch materials.
In January 2024, Asia Partners announced the final close of its second fund, Asia Partners II, at $474 million. This milestone brings the firm's total assets under management to $1 billion, reflecting its commitment to supporting high-growth technology companies in Southeast Asia.
Asia Partners has been actively publishing insights and reports, including the "Asia Partners Internet Report 2023," which discusses key predictions regarding the Southeast Asian tech landscape. The firm continues to engage with the ecosystem through articles that highlight their investment activities and market insights.
What are Asia Partners' investment criteria?
Asia Partners focuses on technology and technology-enabled companies that are founder-led and have validated technology and customer value propositions. They typically invest in businesses that are at the Series C or D stage, seeking $20 million to $100 million in growth capital.
How can I pitch to Asia Partners?
Founders can pitch to Asia Partners through their investor portal at ipreoprism.com. It is recommended to include a detailed business plan, financial projections, and information on market traction in the pitch deck.
What makes Asia Partners different from other investors?
Asia Partners distinguishes itself by providing not only capital but also operational support to its portfolio companies. The firm has extensive experience in building and scaling technology businesses in Southeast Asia, which they leverage to help companies prepare for later financing rounds or IPOs.
What is the geographic focus of Asia Partners?
Asia Partners primarily focuses on Southeast Asia, including markets such as Indonesia, Singapore, Vietnam, Thailand, Malaysia, and the Philippines. They aim to support companies that are scaling across these regions.
What is the fund size and check size range?
Asia Partners II closed at $474 million in January 2024, and the firm typically invests between $20 million and $100 million in each deal.
What type of post-investment involvement does Asia Partners have?
Asia Partners provides operational support around regional expansion, technology upgrades, governance, and preparation for later financing rounds or IPOs. They actively engage with their portfolio companies to help them scale effectively.
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