Private Equity
ADV Partners is the latest firm to successfully raise capital there, holding a final close on $545 million for its debut pan-Asian Fund. ADV Opportunities Fund I LP, which was placed by Eaton Partners, is focused on the midmarket and slated to invest primarily in China and India, but has the option to invest throughout Southeast Asia and Australia. Roughly 30% of the capital for Fund I has been invested so far. The Hong Kong-based firm, formed in 2013 by former Mount Kellett Capital executives Brad Landes, Suresh Prabhala and Jianyi Zhu, is one of a number of entities that...