Fund of Funds

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Asia Alternatives Capital Partners III

Asia Alternatives Capital Partners III operates as a fund-of-funds manager, selecting primary investments and co-investments in Asian private equity and...

Asia Alternatives Capital Partners III

Asia Alternatives Capital Partners III operates as a fund-of-funds manager, selecting primary investments and co-investments in Asian private equity and venture capital vehicles. Its strategy focuses on high-growth markets in Greater China, Southeast Asia, and India, with an emphasis on technology, healthcare, and consumer sectors. The firm structures itself as a manager-of-managers, pooling capital from US-based institutions seeking exposure to the region, and it has been active in deploying capital through secondary transactions to enhance liquidity. Confirmed portfolio exposures include funds managed by entities such as Sequoia Capital China and Hillhouse Capital, though specific holdings remain undisclosed (per public record). The firm is headquartered in San Francisco, with team size and professionals unconfirmed. It does not publicly disclose total AUM or year founded. Recent operational activity includes ongoing fundraising and portfolio monitoring, but no specific dated event is available. The firm maintains no known philanthropic vehicles or operating companies. Asia Alternatives Capital Partners III structures itself as a generalist fund-of-funds with a regional specialization, differentiating itself through its focus on Asian markets and a model that offers US institutions curated access. Its architecture relies on a lean team and long-standing relationships with underlying fund managers.

General information

Firm type

Generic

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Sector focus

Private EquityVenture CapitalSecondaries & Special Situations

Frequently asked questions

How does Asia Alternatives Capital Partners III source deal flow?

The firm acts as a manager-of-managers, selecting primary fund investments and co-investments across Asian private equity and venture capital. It relies on relationships with general partners in the region, including firms like Sequoia Capital China and Hillhouse Capital, to access vetted opportunities (per public record).

Is Asia Alternatives Capital Partners III structured as a single fund or a series of vehicles?

The firm is structured as a fund-of-funds vehicle, likely raised as a series of institutional funds. Asia Alternatives Capital Partners III appears to be a specific vintage or fund label, though the firm does not disclose its fund structure publicly.

What investment types does Asia Alternatives Capital Partners III target?

The firm targets primary fund commitments, co-investments, and secondary transactions in Asian private equity and venture capital. It focuses on high-growth markets including Greater China, Southeast Asia, and India, with sector tilts toward technology, healthcare, and consumer.

Does the firm participate in direct investments or only fund commitments?

Based on its fund-of-funds model, the firm primarily makes fund commitments to third-party managers. It may also engage in co-investments alongside those managers, although specific direct deals are not confirmed.

Where does the underlying capital come from?

The firm pools capital from US-based institutional investors, such as pension funds, endowments, and foundations, seeking diversified exposure to Asian private markets. The wealth origin of underlying principals is not disclosed.

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