KUALA LUMPUR (March 29): CIMB Group Holdings Bhd’s unit and US fund the Rohatyn Group will jointly manage the CapAsia funds and undertake private equity investments in the infrastructure fund.
CIMB said on Thursday, its unit CIMB Strategic Assets Sdn Bhd and Rohatyn would hold 40% and 60% respectively in Capital Advisors Partners Asia Sdn Bhd (CapAsia); CapAsia Islamic Infrastructure Fund (General Partner) Ltd and ) CapAsia ASEAN Infrastructure Fund III (General Partner) Ltd.
CapAsia, formerly CIMB-Standard Strategic Asset Advisors Sdn Bhd, was set up in 2006 as a 60:40 joint venture between CIMB Group and the Standard Bank Group. Its objective was to jointly manage the South East Asian Strategic Assets Fund Limited Partnership (SEASAF).
In May 2011, CapAsia became a unit CIMBSA. CapAsia, together with its unit Capital Advisors Partners Asia Pte Ltd, manages three funds – SEASAF, the Islamic Infrastructure Fund Ltd Partnership and the Asia Infrastructure Fund Ltd Partnership.
The CapAsia Funds have about US$500 million in assets under management.
CIMB said on Thursday, its unit CIMB Strategic Assets Sdn Bhd and Rohatyn would hold 40% and 60% respectively in Capital Advisors Partners Asia Sdn Bhd (CapAsia); CapAsia Islamic Infrastructure Fund (General Partner) Ltd and ) CapAsia ASEAN Infrastructure Fund III (General Partner) Ltd.
CapAsia, formerly CIMB-Standard Strategic Asset Advisors Sdn Bhd, was set up in 2006 as a 60:40 joint venture between CIMB Group and the Standard Bank Group. Its objective was to jointly manage the South East Asian Strategic Assets Fund Limited Partnership (SEASAF).
In May 2011, CapAsia became a unit CIMBSA. CapAsia, together with its unit Capital Advisors Partners Asia Pte Ltd, manages three funds – SEASAF, the Islamic Infrastructure Fund Ltd Partnership and the Asia Infrastructure Fund Ltd Partnership.
The CapAsia Funds have about US$500 million in assets under management.
