Malaysia’s Creador targets to hit $600m in first close of fifth fund by July

Malaysian private equity firm Creador, which launched its fifth fund last month, expects it to secure $600 million in its first close, its founder and CEO Brahmal Vasudevan said.

“[We expect] the first close in July. There is excellent demand. All existing investors [from previous funds] have re-upped [in the latest vehicle],” he told DealStreetAsia.