It will seek established, profitable and robust cash flow businesses, and avoid earlier stage venture capital investments as well as infrastructure related deals. These target companies have lower inherent downside risks and are well-positioned to deliver attractive financial returns over the long-term. Focusing on leaders in the mid-market space in Southeast Asia, India and China, it provides strategic support alongside capital to drive the growth of its portfolio companies in areas such as new market entry, M&A and sustainability improvements. Backed by a strong pipeline of proprietary deals, the fund is currently evaluating several investment opportunities across Asia, with the target to close at least three transactions by the first half of 2024. Commenting on the news, Jenny Sofian, said: “With the acceleration of the decarbonisation roadmap in Asia, we are at an inflexion point where the fight against climate change coincides with the emergence of very compelling growth areas in private equity.