Asia Alternatives Capital Partners raises $515 million including CALPERS investment

“Asian private equity fund of funds manager Asia Alternatives has closed Asia Alternatives Capital Partners on $515m, well above its original target of $350m. Commitments to the fund came from investors based in the US, Canada, Europe and Asia. They include the California Institute of Technology, California Public Employees’ Retirement System (CalPERS), Comprehensive Financial Management, Mass Mutual Asia, Mass Mutual Japan, Massachusetts Mutual Life Insurance Company, OHIM Asia Investors, an affiliate of Oak Hill Investment Management, Ontario Municipal Employees Retirement System (OMERS), Pennsylvania State Employees’ Retirement System, F. Warren Hellman, founder of private equity firm Hellman & Friedman, and Arthur Rock, a venture capitalist.”