PE firm Creador to tap market for $500 million, to take AUM to $1 billion

MUMBAI: Indian private equity veteran and former ChrysCapital MD Brahmal Vasudevan's Creador Advisors is raising $500 million fresh capital as global risk investors pour money into high-growth Asian markets.

This will take Creador's assets under management (AUM) to $1 billion in just four years of operations.Creador invests in growth companies across India, Malaysia and Indonesia.

Creador's existing backers--US university endowments, global family offices and Malaysian pension fund --are expected to allocate more capital in the latest fund-raising.

After the latest fund-raise, Creador will also start tracking investment opportunities in Sri Lanka and Philippines.Creador CEO and founder Vasudevan declined to comment on the story.

This will be Creador's third fund round having raised $130 million and $331 million previously . The private equity fund's India investments include Murugappa Group's NBFC Cholamandalam Finance, Repco Home Finance, tile maker Somany Ceramics and PC Jewellers. It also has invested in Sky Vision, Indonesia's largest pay TV operator and Malaysian restaurant chain, Old Town Coffee House.

Creador joins a list of private equity funds that are raising or plan to raise millions of dollars to invest in emerging businesses. In February , New Silk Route had said it plans to hit the market to raise a new fund. The uptrend in capitalraising activity indicates foreign investors' renewed confidence in India even though exits remain a concern for them.