Axiom Asia
 | |
| Industry | Private equity |
|---|---|
| Founded | 2006 |
| Headquarters | |
| Products | Fund of funds Equity co-investment fund |
| Total assets | US$7 billion |
| Website | www.axiomasia.com |
Axiom Asia Private Capital is a private equity investment firm, focusing exclusively on the Asia Pacific region.[1] The firm was established in 2006 and currently manages seven separate funds, with a total commitment of over $7 billion.[2] The founders previously worked at GIC Private Ltd.[3] The investment firm has offices in Singapore and Taipei and Shanghai.[4]
Axiom has held positions in numerous Asian companies such as Alibaba, JD.com and Vipshop.[2] The investor base for Axiom includes endowments, foundations, family offices, pensions and financial institutions.[5]
Investment strategy
[edit]Axiom invests specifically in mid-market companies mainly via country-specific funds.[6] Axiom seeks to invest in buyout, venture capital, and growth capital funds.[7] The firm also has a co-investment strategy that increases its funds' direct exposure in specific geographies and sectors.[6] Private equity secondaries are also an important investment focus for Axiom. Working with managers, Axiom regularly acquires fund positions and direct secondaries.[8]
History & notable transactions
[edit]- 2006 - Axiom Asia was formed.[9]
- 2007 - Axiom closed its first Fund at $440 million, which was above the original target of $350 million.[9]
- 2010 - Axiom closed Fund II with a total investment of $950 million, above the initial target of $750 million.
- 2012 - Axiom closed Fund III at $1.15 billion.[10][11]
- 2016 - Axiom Asia IV raised a total of $1.03 billion, with an initial target of $750 million.[10][12]
- 2018 - Axiom Asia announced it had completed fundraising for a fifth fund in December 2018, with a total commitment of $1.4 billion.[13]
- Axiom also announced Co-investment Fund I, which had a total commitment of $210 million.[14]
- 2019 - Axiom was listed by Preqin as one of the Best Performing Funds of Funds in Private Equity.[15]
- Axiom Asia was also listed as one of Preqin's best performers in the Largest ASEAN-Based Private Equity Funds category.[16]
References
[edit]- ^ Blinch, Jenny (June 26, 2009). "Axiom Asia Expands Team with ex-collar exec". Private Equity International.
- ^ a b Lee, Marissa (May 20, 2019). "Ex-GIC, Stanford guys find sweet spot in Asian private equity". Business Times.
- ^ "PEs target Asean startups as they join VCs in funding landscape". Business Times (Singapore). July 5, 2019.
- ^ "3 UOB-owned fund managers join UN-backed responsible investment network". Straits Times. January 5, 2020.
- ^ Chanchani, Madhav A. (March 19, 2012). "Axiom Asia Capital Raises $1.15B For Third Fund Of Funds". VC Circle.
- ^ a b Tudor-Ackroyd, Alison (January 9, 2017). "Private equity follows the money: away from China". FinanceAsia.
- ^ Choudhary, Anuradha (January 12, 2017). "Axiom Asia to invest up to 15% of new $1 billion fund in India". Mint.
- ^ "Axiom ups secondaries allocation as it closes Fund IV". Secondaries Investor.
- ^ a b "Axiom Asia Announces Final Closing of Its First Asia-Focused Fund of Funds". El Economista. March 22, 2007.
- ^ a b Kreutzer, Laura (January 9, 2017). "Axiom Asia Closes Fourth Fund of Funds With $1 Billion". The Wall Street Journal.
- ^ Alfred, Stephen. "Axiom closes third Asia fund at $1.15 bln".
- ^ Mendoza, Carmela. "Axiom Asia smashes target with over $1 bn close". Private Equity International.
- ^ Mendoza, Carmela (December 21, 2018). "Axiom Asia gathers $1.4 billion for fifth fund". Private Equity International.
- ^ "Axiom Asia Reaches Final Close for Fifth Fund of Funds at US$1.4 Billion". Emerging Markets Private Equity Association.
- ^ Whyte, Amy (July 29, 2019). "These Are the Best Performing Funds of Funds in Private Equity". Institutional Investor.
- ^ "Top of the Table: ASEAN PE & VC". Preqin.