![[Updated] Quona Capital finalises third fund at $332m, exceeds target](https://media.dealstreetasia.com/uploads/2017/04/dollar-reu2-e1536135876770.jpg?fit=979,543&resize=1920,undefined&q=75)
Editor’s note: An earlier version of this story had stated that Quona Capital had finalised the third fund at around $350 million, citing sources. The company later announced that the final close was at $332 million.
Emerging markets-focused investor Quona Capital has finalised its third fund at $332 million, surpassing its initial target of $250 million, the company announced on Tuesday.
DealStreetAsia had reported the news of the fund closing earlier in the day, citing sources.
The sources had added that the fund secured the backing of Singapore state investor Temasek Holdings, European asset manager Golding Capital Partners, and global investment firm Cambridge Associates, among others.
Existing backer IFC has also backed the third vehicle. As reported by DealStreetAsia earlier, IFC has invested $25 million in Quona’s third fund. DEG, the development finance institution under German state-owned KfW, had also committed $13 million to the latest vehicle.
