Axiom Asia Explained

Axiom Asia
Industry:	Private equity
Predecessors:	-->
Successors:	-->
Founded:	2006
Founders:	-->
Hq Location City:	Singapore
Areas Served:	-->
Products:	Fund of funds Equity co-investment fund
Profit:	-->
Profit Year:	-->
Assets:	US$7 billion
Owners:	-->
Website:	www.axiomasia.com

Axiom Asia Private Capital is a private equity investment firm, focusing exclusively on the Asia Pacific region.^[1] The firm was established in 2006 and currently manages seven separate funds, with a total commitment of over $7 billion.^[2] The founders previously worked at GIC Private Ltd.^[3] The investment firm has offices in Singapore and Taipei and Shanghai.^[4]

Axiom has held positions in numerous Asian companies such as Alibaba, JD.com and Vipshop. The investor base for Axiom includes endowments, foundations, family offices, pensions and financial institutions.^[5]

Investment strategy

Axiom invests specifically in mid-market companies mainly via country-specific funds.^[6] Axiom seeks to invest in buyout, venture capital, and growth capital funds.^[7] The firm also has a co-investment strategy that increases its funds' direct exposure in specific geographies and sectors. Private equity secondaries are also an important investment focus for Axiom. Working with managers, Axiom regularly acquires fund positions and direct secondaries.^[8]

History & notable transactions

• 2006 - Axiom Asia was formed.^[9]
• 2007 - Axiom closed its first Fund at $440 million, which was above the original target of $350 million.
• 2010 - Axiom closed Fund II with a total investment of $950 million, above the initial target of $750 million.
• 2012 - Axiom closed Fund III at $1.15 billion.^{[10] [11]}
• 2016 - Axiom Asia IV raised a total of $1.03 billion, with an initial target of $750 million.^[12]
• 2018 - Axiom Asia announced it had completed fundraising for a fifth fund in December 2018, with a total commitment of $1.4 billion.^[13]
• Axiom also announced Co-investment Fund I, which had a total commitment of $210 million.^[14]
• 2019 - Axiom was listed by Preqin as one of the Best Performing Funds of Funds in Private Equity.^[15]
• Axiom Asia was also listed as one of Preqin's best performers in the Largest ASEAN-Based Private Equity Funds category.^[16]

Notes and References

1. Web site: Blinch . Jenny . Axiom Asia Expands Team with ex-collar exec . . June 26, 2009.
2. Web site: Lee . Marissa . Ex-GIC, Stanford guys find sweet spot in Asian private equity . . May 20, 2019.
3. Web site: PEs target Asean startups as they join VCs in funding landscape . Business Times (Singapore) . July 5, 2019.
4. Web site: 3 UOB-owned fund managers join UN-backed responsible investment network . . January 5, 2020.
5. Web site: Chanchani . Madhav A. . Axiom Asia Capital Raises $1.15B For Third Fund Of Funds . VC Circle . March 19, 2012.
6. Web site: Tudor-Ackroyd . Alison . Private equity follows the money: away from China . . January 9, 2017.
7. Web site: Choudhary . Anuradha . Axiom Asia to invest up to 15% of new $1 billion fund in India . . January 12, 2017.
8. Web site: Axiom ups secondaries allocation as it closes Fund IV . Secondaries Investor.
9. News: Axiom Asia Announces Final Closing of Its First Asia-Focused Fund of Funds . . March 22, 2007.
10. Web site: Kreutzer . Laura . Axiom Asia Closes Fourth Fund of Funds With $1 Billion . . January 9, 2017.
11. Web site: Alfred . Stephen . Axiom closes third Asia fund at $1.15 bln .
12. Web site: Mendoza . Carmela . Axiom Asia smashes target with over $1 bn close . Private Equity International.
13. Web site: Mendoza . Carmela . Axiom Asia gathers $1.4 billion for fifth fund . . December 21, 2018.
14. Web site: Axiom Asia Reaches Final Close for Fifth Fund of Funds at US$1.4 Billion . Emerging Markets Private Equity Association.
15. Web site: Whyte . Amy . These Are the Best Performing Funds of Funds in Private Equity . . July 29, 2019.
16. News: Top of the Table: ASEAN PE & VC . Preqin.