CDIB Capital Group (CDIB), a leading private equity and asset manager in Asia-Pacific, is pleased to announce the successful closing of its CDIB NexGen Partners Fund (the "Fund"), a private equity vehicle focused on mid-market buyouts across the Greater China region. The Fund secured substantial commitments from global institutional investors, including StepStone Group ("StepStone") and AB Value Capital Partners (“AB Value”), among other prominent institutional investors.
CDIB President Melanie Nan indicated that the successful closing of the Fund underscores strong investor confidence in CDIB’s proven investment strategy, regional expertise, value creation capabilities, and attractiveness of the investment portfolio. The Fund is strategically positioned to capitalize on compelling opportunities by addressing generational transition dynamics in Asia while leveraging CDIB’s extensive relationships and deep insights in advanced manufacturing sectors.
"We are thrilled to celebrate the closing of CDIB NexGen Partners Fund with the support of esteemed global partners," said Alex Ying, Head of Buyout Group at CDIB. "This milestone reflects our shared vision of driving value creation and supporting transformative businesses in Greater China. We remain committed to leveraging our deep market insights and operational expertise to deliver superior outcomes for our investors and portfolio companies alike."
StepStone, a leading global private markets investment firm, played a pivotal role in the Fund’s successful launch. Vincent Hsu, Partner, Private Equity Asia at StepStone Group, added, "We are proud to partner with CDIB and be a key investor in the CDIB NexGen Partners Fund. The Fund’s focus on mid-market buyouts aligns with our commitment to supporting differentiated fund managers in the Asia region."
AB Value, an Asia-focused secondary private equity investment firm, played a leading role in the continuation vehicle (CV) aspects of the Fund. “We are pleased to support Alex Ying and his team in establishing and syndicating the Fund. This marks a significant milestone for the buyout platform, as we invest alongside other global investors,” said Dennis Chung, Co-Founder & Managing Partner of AB Value. “The Fund’s strategy aligns with our Taiwan Plus initiative, and we look forward to deepening our collaboration with the team to support investments in the Greater China region.”
The successful launch of the Fund reflects CDIB’s ability to attract world-class investors to its innovative investment platforms. The Fund will continue to seek out mid-market companies with robust growth potential, leveraging CDIB’s extensive local network and value-added approach to management.