Axiom Asia Closes First Fund

Axiom Asia, a Singapore-based private equity firm focused on Asia, has closed its inaugural fund with $440 million in capital commitments. Limited partners include the William and Flora Hewlett Foundation and Comprehensive Financial Management, while Probitas Partners served as placement agent. Axiom Asia was formed last April by former GIC Special Investment pros Chihtsung Lam, Yewhong Goh and Edmond Ng