Asia Alternatives Closes $515M Fund

Asia Alternatives of Hong Kong has closed its debut fund-of-funds targeting the Asia market, with $515 million in capital commitments. It had originally targeted $350 million. Limited partners include CalTech, CalPERS, Comprehensive Financial Management, Mass Mutual Asia, Mass Mutual Japan, Massachusetts Mutual Life Insurance Company, OHIM Asia Investors (affiliate of Oak Hill Investment Management), OMERS, PSERS, Warren Hellman and Arthur Rock. C.P. Eaton Partners served as placement agent.