Carlyle Asia Partners Growth II
CAP Growth II is an Asian VC Fund looking to invest in high growth sectors such as technology, healthcare and consumer with 50% China, 20% India and 30% Rest Asia allocation. Typical equity investments are USD 25-125m per transaction. The fund has a 10-year initial tenor that may be extended. Carlyle’s CAP Growth I launched in 2017 has already returned 105% of invested capital (USD 270.5m) through two realisations (average holding period of 1.6yrs). Note - Kristal will invest surplus proceeds in a Money Market Fund as per own discretion.
Good Protein Fund I
Good Protein Fund I is a VC fund structured as a Cayman LP Feeder Fund into a Singapore VCC. It proposes to invest in Alternative Protein companies diversified across all stages, technologies, products and geographies. They intend to raise USD 25m to create a blended portfolio of 30+ investments with small initial investments of USD 250k- 500K and balance for follow-ons. Alternative proteins are disrupting the US$2 trillion meat, seafood and eggs market by creating replacement sustainable, protein-rich ingredients sourced from plants, animal tissue culture, etc Some deals have already been warehoused for investment pending the Fund launch Names: Eat JUST, Rebellyous Foods & Avant Meats. Capital Calls: 10% upfront; 6 X 15% every 6mths thereafter.