EmergeVest appears to have closed its logistics fund after hitting the $205m fundraising goal, AltAssets understands.
EmergeVest Logistics Fund has collected commitments from 16 LPs according to a filing with the US Securities and Exchange Commission.
EmergeVest has bought in Credit Suisse Securities as the exclusive placement agent for the vehicle.
The private equity fund launched with a $205m total offering amount but, it's unclear if this is a target or a hard cap.
It is also unclear if the filing represents a final close.
A spokesperson for the firm did not immediately respond to a request for comment.
Established in Hong Kong, EmergeVest is led by managing directors, Heath Zarin and Roger Moh.
Zarin was previously a managing director and head of HSBC principal investments Asia and CEO of Emergent Investment Group. He has also practiced corporate law in New York, specializing in investment management.
Prior to EmergeVest, Moh was a director at HSBC principal investments Asia and a founder of Emergent Investment Group.
The firm looks to 'nurture and empower entrepreneurial businesses' and aims to 'add value, help them grow and emerge as leaders' according to its website.
In August 2015, EmergeVest purchased UK express palletised distributer Platterforce, valuing the business at £30m.
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