Growtheum Capital Partners, a Singapore-based private equity firm founded by two former investors from sovereign wealth fund GIC, has raised $567m (SGD769m) to invest in South-east Asia and India deals, according to a report by Reuters.
The report cites data from Preqin as highlighting that the amount represents one of the largest fundraises in the region in 2023 and comes as fund launches are set to register a sharp declines in 2023 compared with the last year, according to S&P Global.
Growtheum was founded by managing partner Amit Kunal and partner Choo Koon Po in late 2021. Kunal was formerly GIC’s managing director of private equity in South-east Asia, while Choo was a vice-president in the same unit.
