Lombard Investments said that its fourth Asia fund, which was hard-capped at $350 million, held a final close on July 18. Lombard Asia IV L.P. was oversubscribed. Investors include financial institutions, pension funds and corporations, as well as family investment offices in Asia, North and South America, and Europe. Lombard Asia invests from $5 million to $35 million in companies located in Southeast Asia or Greater China, according to the firm’s website.
SAN FRANCISCO, Sept. 9, 2013 /PRNewswire/ — Lombard Investments announced today that on July 18th, 2013, it held a final close for its oversubscribed fourth Asia fund, Lombard Asia IV, L.P., hard-capped at $350 million of institutional capital, following an eighteen month fundraising.
Within the last twelve months, Lombard has realized more than $290 million in total proceeds from two complete and two partial exits out of the ten investments made by Lombard Asia III, L.P., its $234 million, Vintage 2007 fund.
Most recently, Lombard exited its investment in Taiwan-based San Shing Fastech (“San Shing” www.sanshing.com.tw ), a global auto parts manufacturer specializing in high performance fasteners. Lombard realized approximately $40 million on its $15 millioninvestment for a gross return multiple of 2.6X. Lombard assisted San Shing with technology acquisition and international expansion, including customer development in North America and Brazil.
Lombard is a leading international private equity investment manager with offices in San Francisco, Bangkok and Hong Kong, and extensive working relationships in Manila, Ho Chi Minh City, Shanghai and Taipei. Formed in 1985, Lombard has made more than 90 controlling and significant minority investments throughout Asia and North America. The firm’s investors include some of the world’s largest and most respected financial institutions, major pension funds and corporations, as well as family investment offices in Asia, North and South America, and Europe. (www.lombardinvestments.com)