GARAGE

PE veteran behind LVMH arm launches own US$500m Asia fund

A second fund, Asia 3.0, will invest US$100m-US$200m in companies in Japan, China, Asean and Australia

Singapore

PRIVATE equity veteran and LVMH executive Ravi Thakran has launched a new US$500 million growth fund less than two months after securing his first special purpose acquisition company (Spac), at an unusually quick pace to capture growing exuberance in Asia's consumer industry.