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Azalea secures $344m for Altrium PE Fund III

With this milestone, Altrium's total assets under management have topped $3b (US$2.3b).

Azalea Investment Management Pte. Ltd. (Azalea) has secured $344m (US$262m) in commitments for the initial close of its third buyout-focused private equity fund, Altrium Private Equity Fund III (Altrium PE Fund III).

With this milestone, the total assets managed under the firm’s Altrium platform have surpassed $3b (US$2.3b).

“We appreciate the continued trust investors place in Azalea,” said Chue En Yaw, CEO and Chief Investment Officer of Azalea. “Amidst tariff wars and geopolitical tensions, our secondaries capabilities and mid-market focus position us well to navigate today’s complex investment landscape.”

Altrium PE Fund III is part of the Altrium platform, designed to enable accredited investors to co-invest alongside Azalea and gain access to top-performing PE fund managers globally.

The initiative also aims to address common barriers that investors typically face when entering the PE space.

In addition to the buyout-focused Altrium PE Fund, the platform also features the Altrium Co-Invest Fund, Altrium Growth Fund, and Altrium Sustainability Fund.

($1 = US$0.76)

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