SINGAPORE, June 2 (Bernama-GLOBE NEWSWIRE) — Capital Square Partners (“CSP”) and Basil Technology Partners (“BTP”) today announced that they have completed the merger of the two teams and would henceforth operate as CSP. With this merger, CSP aims to consolidate its position as one of the largest cross-border, technology services dedicated private equity fund manager in Asia and will continue to augment its combined execution capability.
“Following the successful closing of CSP Fund II, c.US$ 700 million fund, announced in January through a partnership between CSP and BTP, the teams had been working very closely over the past few months. To ensure a seamless, streamlined and efficient execution of our investment thesis, both teams felt it would be better to merge and operate as one team. We will continue to focus on our core competence, and invest in the areas of technology and business services, emerging SaaS, AI, data analytics and digital sub-sectors,” said Sanjay Chakrabarty, Managing Partner of CSP.