Augentius Singapore Appointed by US$1bn L Capital Fund

Augentius Singapore has been appointed to administer the L Capital Asia Fund 2 which has commitments of US$1bn.

L Capital Asia Fund 2 is the latest private equity fund sponsored by the LVMH Group / Groupe Arnault and YTL. L Capital Asia is characterised by the multidisciplinary nature of its investments, and its multinational team of professionals, whom have over 183 years of cumulative experience in Asia. Headquartered in Singapore, L Capital Asia focuses on investments in the emerging/fast growing markets of Asia.

Committed to use the LVMH Group know–how and means to add value to its portfolio companies, L Capital Asia primarily focuses on the following key elements:

• Developing attractive and aspirational Asian brands with distinctive and strong emotional content, but affordable to a broad spectrum of consumers
• Extending the product offering through stronger and innovative product development
• Expanding the distribution network with the support of the LVMH Group
• Strengthening the organisation, to support companies' growth

“Augentius is a specialist in the private equity space and has been well rated by the industry and its clients" commented Gilbert Ong, Chief Financial Officer at L Capital Asia.

“We are delighted that L Capital has appointed us as administrator” commented Alexander Traub, Managing Director Asia, Augentius; “We are looking forward to a long term relationship and expanding our relationship with L Capital across the Augentius Group over time.”