Pillsbury Leads Asia Alternatives to $1.8B Fund Closings

Asia Alternatives, one of the largest independent Asian private equity fund-of-funds, announced the final close of over US$1.8 billion in new commitments across Asia Alternatives Capital Partners IV LP and its related fund vehicles, representing its largest fundraising, in a deal guided by Pillsbury. The Fund IV closings represent an approximately 20% increase over the last time fund closings were announced in August, 2012.