Capital Square Partners and Basil Technology Partners establish one of the largest technology services dedicated funds in Asia

SINGAPORE, Jan 20 (Bernama-GLOBE NEWSWIRE) — Capital Square Partners (“CSP”) and Basil Technology Partners (“BTP”) (collectively the “GP” or the “Team”), two Singapore-based private equity firms, announced today a new partnership and the successful close of a c.US$700 million fund (“CSP Fund II” or the “Fund”). In likely a first-of-its-kind transaction in Asia, CSP Fund II raised capital from funds managed by HarbourVest Partners (“HarbourVest”), TPG NewQuest and Committed Advisors, as well as other institutional investors (collectively, the “Investors”), to acquire a portfolio of companies from the GP’s existing funds under management as well as provide the enlarged platform with capital for follow-ons and new investments (the “Transaction”). The Team will operate under the existing CSP platform as it looks to build on a successful track-record of investing in global technology services companies. HarbourVest and TPG NewQuest co-led the deal. HarbourVest led the structuring of the transaction.

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