Navegar Raises $197 Million for Navegar II, Its Second Philippines-Focused Fund
07.09.20
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Simpson Thacher advised Navegar in connection with the formation and fundraising of Navegar II, its second Philippines-focused fund. With capital commitments totaling $197 million, the fund exceeded its original $150 million target.
Navegar is a Philippines-focused, Manila-based private equity firm that provides growth capital to established companies. Navegar invests in both primary and secondary share offerings, and actively seeks to maximize the value of its portfolio companies by providing financial, operational and strategic guidance. Established in 2012, Navegar manages Navegar Fund I and Navegar Fund II, with total assets under management of over $300 million.
The Simpson Thacher team included Adam Furber and Michael Ceulen (Private Funds); Nicole Humphrey (Tax); and Jeanne Annarumma (ERISA).