ARA Asset eyes launching Asia Dragon Fund 3 in 2014
Target AUM size pegged at US$1b.
According to DBS, ARA Asset Management intends to start marketing ADF3 at the end of 2013 and plans to close somewhere end of 2014/1st quarter 2015.
Here's more:
The target AUM size is expected to be US$1bn and we have assumed contribution from 2015 onwards. We have assumed in our forecasts that ARA will be able to grow its private-fund AUM by to c.S$25.5bn or another US$2bn by the end of 2014.