Unicorn Capital Partners, an Asia based venture capital fund-of-funds manager, announced the final closing of Unicorn Capital Fund III at its hard cap of US$350 million of commitments.
Monument Group has advised private equity real estate investment group, Phoenix Property Investors on raising Phoenix Asia Real Estate Investments VI. The Fund had its final close on US$1.15 billion of commitments, including dedicated co-investment pools, exceeding its US$900 million target.
At recent Monument Group investor events held in San Francisco and New York, limited partners identified Funds II and III as the funds most likely to succeed. Monument Group’s John McCormick, in recapping the events, explains why this may be good news for first-time funds.