AIF Capital, a Hong Kong headquartered pan-Asia focused middle market private equity firm, has closed a continuation fund transaction for AIF Capital Asia IV. 

AIF Capital’s 2012 vintage fund, AIF Capital Asia IV (“Fund IV”), today announced that it has successfully closed the transfer of its remaining seven portfolio companies across China, India and Southeast Asia to a continuation vehicle. 

Fund IV’s original term ended in 2022 and received two extensions prior to forming the continuation vehicle that will provide an additional four years to fully monetize the portfolio. 

The transaction was funded by dedicated secondary investors from Latin America, Europe and the US. The majority of existing investors opted for liquidity and those that chose to retain their investment will participate in the future value creation on similar terms as they had before.

Fairview Capital Group Ltd acted as financial advisor and Dechert LLP served as legal counsel to AIF Capital Asia IV.

Peter Amour, Managing Partner at AIF Capital, said: 
“We are pleased to provide liquidity to our selling investors that have been supportive for many years.  To those investors that remain invested in the portfolio, we look forward to maximizing their exit value in due course.  We are excited about the partnership with our new investors and for the future of AIF Capital.”

Sebastian Villa, Managing Partner at Riverville, said:
“The transaction reflects our strategy of partnering with managers with local expertise and diverse portfolios. This is our first investment in Asia and we are very comfortable working with such tenured partners as AIF and investors including Multiplicity and Mantra which make a truly global syndicate.”