Ex-Deutsche Banker Seeks $800 Million in ‘Challenging’ Market
2 min readTemplewater, an alternative investment firm co-founded by a former Deutsche Bank AG banker, is seeking as much as $800 million for two funds in Asia, in what it calls a “challenging” market with fundraising close to a decade low.
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(Bloomberg) — Templewater, an alternative investment firm co-founded by a former Deutsche Bank AG banker, is seeking as much as $800 million for two funds in Asia, in what it calls a “challenging” market with fundraising close to a decade low.
The new funds will target mid-sized firms in Asia and clean energy technology companies, said Cliff Zhang, who started the company in 2018 with Investec Group, an Anglo-South African banking and wealth management group. The $1.7 billion asset manager has started raising $400 million to $500 million for its second private equity fund, doubling its previous pool, and is seeking $300 million for a decarbonization fund, Zhang said in an interview.
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Bloomberg News
2024-01-30 21:49:24
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