2005 Asia Alternatives is Co-Founded by Melissa Ma, Laure Wang and Rebecca Xu
2006 Asia Alternatives opened offices in Hong Kong, Beijing and San Francisco
Asia Alternatives is the first Asia private equity fund-of-funds to open an office in Mainland China
2007 Asia Alternatives raises the largest Asia-dedicated fund-of-funds and their inaugural fund, Asia Alternatives Capital Partners, LP, at $515 million
2008 Asia Alternatives raises $950 million for their second fund, Asia Alternatives Capital Partners II, LP
2009 Asia Alternatives Beijing office receives WFOE license - 鲲行投资咨询(北京)有限公司
2011 Asia Alternatives is the world’s first and only Limited Partner to receive a Qualified Foreign Limited Partner (“QFLP”) license under the Pilot Program of Foreign Invested Private Equity Investment Enterprises from the Shanghai government
Asia Alternatives opens their second office in Mainland China in Shanghai
2012 On August 8, Asia Alternatives announced the final close of over $1.5 billion in new commitments across several fund vehicles (the “Funds”). The largest of the Funds is Asia Alternatives Capital Partners III, LP (“AACP III”) at $908 million of committed capital.
2015 In April 2015, Asia Alternatives announced the final close of over US$1.8 billion in new commitments across Asia Alternatives Capital Partners IV, LP (“AACP IV”) and its related fund vehicles (“Fund IV”). The largest of the Funds is Asia Alternatives Capital Partners IV, LP, which, along with AACP IV Ex-Japan Investors, LP, closed on US$1 billion of committed capital, above their combined target of US$750 million.
2017 In August 2017, Asia Alternatives reached agreement with our Founding Investors to buy back their shares in Asia Alternatives Management LLC. Asia Alternatives is 100% owned by the partners of the Firm.
On September 13, 2017, Asia Alternatives announced the final close of over US$1.8 billion in new commitments across Asia Alternatives Capital Partners V, LP and several fund vehicles (the “Funds”). The largest of the Funds is Asia Alternatives Capital Partners V, LP which, along with its parallel fund, Asia Alternatives Capital Partners V (ERISA), LP (together "AACP V"), closed on US$1.515 billion of committed capital, exceeding their combined target of US$1.3 billion.
2018 On September 10, 2018, Asia Alternatives Management LLC ("Asia Alternatives") and Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton Investments ("Franklin Templeton") entered into a new joint venture. The firms are partnering to launch Franklin Templeton Private Equity, LLC ("FTPE"), a new entity being formed to provide investors with bespoke global private equity fund-of-funds solutions. Franklin Templeton will be the majority owner, and Asia Alternatives and members of the FTPE management team will hold minority stakes in the new entity.