Report: Creador Expected to Close Sixth Flagship Fund at $930M

Creador is expected to close in mid-January 2025 its sixth flagship fund at $930M, Private Equity International reported December 20, citing a source with knowledge of the matter.

The unnamed source said the Malaysian growth equity firm is finalizing several limited partnership commitments in preparation for the close of Creador VI. The report noted that 95% of the fund's LPs are returning investors. Among them is the Asian Development Bank, which pledged $75M for the fund in September, as well as other development finance institutions, including the International Finance Corp. and FinDev Canada.

The fund is on track to be Creador's largest, on pace to surpass its initial target of $800M, according to the report. Creador VI would also surpass its predecessor, which closed in 2022 above target at $700M. 

According to the Asian Development Bank, Creador VI will seek growth investments in business services, consumer, health care, financial services, and manufacturing companies. It plans to make 10 to 15 minority stake investments in companies based in India, Indonesia, Malaysia, the Philippines and Vietnam. Opportunities in Bangladesh, Sri Lanka and Thailand may also be considered.