Before China became the world’s second-largest economy and Northeast Asia was held out as home to the planet’s most dynamic markets, Melissa Ma and the co-founders of Asia Alternatives had already jumped in.
It was a gamble that has since paid off in spades.
Demand to participate in its most recent fund Asia Alternative Capital Partners lV was strong enough to induce Ma and her partners to break the hard cap limit on the fund size of $950 million.
AACPIV closed at $1.8 billion in May.
One of the earliest fund of funds houses in the region, Asia Alternatives now...