Augentius Singapore to administer USD1bn L Capital fund
Augentius Singapore has been appointed to administer the L Capital Asia Fund 2, which has commitments of USD1bn.
L Capital Asia Fund 2 is the latest private equity fund sponsored by the LVMH Group / Groupe Arnault and YTL.
L Capital Asia is characterised by the multidisciplinary nature of its investments and its multinational team of professionals, who have over 183 years of cumulative experience in Asia.
Headquartered in Singapore, L Capital Asia focuses on investments in the emerging/fast growing markets of Asia.
L Capital Asia primarily focuses on the following key elements:
- Developing attractive and aspirational Asian brands with distinctive and strong emotional content, but affordable to a broad spectrum of consumers
- Extending the product offering through stronger and innovative product development
- Expanding the distribution network with the support of the LVMH Group
- Strengthening the organisation, to support companies' growth
“Augentius is a specialist in the private equity space and has been well rated by the industry and its clients," says Gilbert Ong, chief financial officer at L Capital Asia.
“We are delighted that L Capital has appointed us as administrator,” says Alexander Traub, managing director Asia, Augentius. “We are looking forward to a long term relationship and expanding our relationship with L Capital across the Augentius Group over time.”
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