Deals
LVMH-Backed Private Equity Firm Closes $1.45 Billion Asia Fund
- L Catterton’s third fund will seek deals from China to India
- Firms that focus on Asia’s biggest cities will be targeted
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L Catterton, the $15 billion private equity firm co-founded by luxury-goods maker LVMH Moet Hennessy Louis Vuitton SE, has closed its third Asia fund to back more retail and healthcare companies across the region.
L Catterton Asia 3 had a target of $1.25 billion, but remained open after additional investors expressed interest, according to Managing Partner Chinta Bhagat. The fund eventually raised just under $1.45 billion, with less than half deployed.