August Global Partners Closes Flagship Healthcare Fund Above Target, Expanding AUM to $350 Million

August Global Partners ("AGP"), Asia's leading independent healthcare and technology investor, today announced the successful close of its second fund, the AGP Healthcare Fund ("AGPHC") of $150 million, surpassing initial fundraising targets despite persistent headwinds in the global private equity and venture capital landscape.

AGP's founding partners – who played a formative role in shaping Singapore's biomedical sector and championed Singapore EDBI's global investment efforts across healthcare, technology and deeptech – have attracted strong support for the firm's flagship healthcare fund. AGPHC secured commitments from a diverse base of financial, institutional and strategic limited partners spanning Asia, Europe, and North America.

Together with its inaugural vehicle, the AGP Continuation Growth Fund ("AGPCG"), AGP now manages a total of $350 million in assets under management. AGPCG backs dynamic local champions in various sectors, including healthcare and deep technology, supporting their regional and global expansion ambitions. AGPCG continues to deliver robust performance with meaningful 'Distribution to Paid in Capital' ("DPI") to its investors.