Navegar racks up $197m for sophomore fund

Navegar has closed its second fund at $197 million, beating its $150 million target.

Navegar has closed its second fund at $197 million, beating its $150 million target. Navegar II’s limited partners include development finance institutions, sovereign wealth funds, pension funds, endowments, family offices and high-net worth individuals in Asia, Europe and the U.S. The fund will invest in established companies in the consumer and business services sectors in the Philippines. Monument Group advised Navegar on the fundraising.

PRESS RELEASE

MANILA and HONG KONG, July 8, 2020 – Navegar, a Manila-based private equity firm, announced the final close of Navegar II, L.P. (“Fund II”) with US$197 million of commitments. Monument Group, one of the industry’s leading placement agents, advised Navegar on raising the fund, which closed substantially above its US$150 million target. Consistent with its predecessor fund, Fund II will focus on investments in established companies in the consumer and business services sectors in the Philippines.

“We are very pleased with the results of this fundraise,” said Honorio Poblador, Managing Partner, Navegar. “The success of this effort is all the more notable given that our final close was held in the midst of the COVID-19 pandemic. We greatly appreciate the confidence and trust of our investors.”

Fund II closed on June 24, 2020. The fund’s investor base is comprised of development finance institutions, sovereign wealth funds, pension funds, endowments, family offices and high net worth individuals, in Asia, Europe and the United States.

“We are very pleased to announce the oversubscribed final closing of Fund II. We extend our gratitude to the entire Monument team for their commitment throughout this process,” said Javier Infante, Managing Partner, Navegar. “We have already completed two investments from Fund II, indicative of the ongoing opportunities in the Philippine consumer and business services sectors. With this additional capital, we are well positioned to continue supporting promising businesses in this dynamic market, partnering with founders and management teams to create long-term shareholder value.”

“With Navegar’s seasoned team, track record and unique investment focus on the Philippine market, we saw interest in Fund II from high quality investors globally,” said Niklas Amundsson, a Partner at Monument Group. “The close of Fund II strategically positions Navegar to continue partnering with proven management teams to maximize value in growing businesses. We are proud to have assisted Navegar with this fundraise and wish the team continued success.”

Monument Group served as exclusive advisor and placement agent to Navegar on the raising of Navegar II, L.P.

About Navegar
Navegar is a Philippines-focused, Manila-based private equity firm that provides growth capital to established companies. Navegar invests in both primary and secondary share offerings, and actively seeks to maximize the value of its portfolio companies by providing financial, operational and strategic guidance. Established in 2012, Navegar manages Navegar Fund I and Navegar Fund II, with total assets under management of over US$300 million. For more information, please visit www.navegar.com.ph.

About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 107 funds, totaling more than US$107 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Hong Kong and Tokyo. Monument Group also has a strategic alliance with boutique secondaries advisor Mozaic Capital. For more information on Monument Group’s primary and secondary capabilities, visit www.monumentgroup.com.