Axiom Asia

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 six separate funds, with a total commitment of $5.2 billion.[2] The founders previously worked at GIC Private Ltd.[3] The investment firm has offices in Singapore and Taipei.[4]

Axiom Asia
IndustryPrivate equity
Founded2006
Headquarters
Singapore
ProductsFund of funds
Equity co-investment fund
Total assetsUS$5.2 billion
Websitewww.axiomasia.com

Axiom has held positions in numerous Asian companies such as Alibaba, JD.com and Vipshop.[2] 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.[6] 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.[9]
  • 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.[10][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]

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