Novo Tellus Capital Partners has successfully raised its third Indo-Pacific fund, reaching a first close of approximately $375m, matching the overall target for the vehicle.
The investor is known for its focus on industrial technology assets in the region and has established a strong track record of partnering closely with companies to build lasting value.
The first close was confirmed by two sources close to the situation.
Novo Tellus is a private equity firm that invests in the technology and industrials sector of the Indo-Pacific.
The firm has a strong presence in Singapore, where it recently listed its special purpose acquisition company (SPAC), Novo Tellus Alpha Acquisition, on the Singapore Exchange. The SPAC raised $150m in its initial public offering and is expected to target companies in the technology and industrial sectors in the region.
The new fund will enable Novo Tellus to continue its investment strategy of partnering with companies in the region to drive growth and build value.
With its focus on industrial technology assets, the firm is well positioned to take advantage of the growing demand for innovative solutions in the Indo-Pacific region.
Novo Tellus’s New Indo-Pacific Fund
Novo Tellus Capital Partners has announced the first close of its third Indo-Pacific fund, with approximately $375 million raised. The fund has a hard cap of $500 million and is expected to reach its final close by the end of the year.
The private equity firm, which invests in the technology and industrials sector of the Indo-Pacific, has a strong track record of partnering with companies to build lasting value. Its previous funds have invested in companies such as Singapore-based semiconductor firm Akribis Systems and Australian mining technology provider GroundProbe.
Novo Tellus’s new fund will continue to focus on investing in companies in the technology and industrials sector of the Indo-Pacific, with a particular emphasis on companies that are developing innovative solutions to address challenges in the region.
The firm’s commitment to investing in the Indo-Pacific region reflects its belief in the region’s potential for growth and development.
With a population of over 4 billion people and a rapidly expanding middle class, the region is home to some of the world’s fastest-growing economies.
Overall, Novo Tellus’s new Indo-Pacific fund represents a significant opportunity for investors looking to gain exposure to the region’s technology and industrials sector.
With a strong track record of success and a clear focus on building lasting value, Novo Tellus is well-positioned to continue delivering strong returns for its investors.
