L Capital Asia Bests Target With $950M For Latest Fund

Law360, New York (August 30, 2013, 3:37 PM EDT) -- L Capital Asia LLC, the private equity firm backed by some of the world's most prominent luxury brands, raked in $950 million for its second fund, beating its original target and substantially improving on its inaugural effort's close, according to Thursday reports.

The fund beat a $800 million goal set when fundraising kicked off in March, cruising to its finish in just six months, The Wall Street Journal reported, citing sources within the firm. Sovereign wealth funds, pension funds and cash-flush individual investors from North America,...
To view the full article, register now.