Singapore's Novo Tellus closes Fund III with $510m; 36% above target

Singapore's Novo Tellus has successfully concluded its third fund, Novo Tellus PE Fund 3, L.P., securing an impressive USD $510 million—36% above its initial target. The fund achieved this milestone within six months of its initial closing in June 2023, with a notable achievement of 100% re-commitment from existing institutional investors.

Additionally, Novo Tellus welcomed new limited partners globally, underscoring its growing international investor base. The success of Fund 3 showcases Novo Tellus' strong appeal and confidence among both existing and new investors, solidifying its position as a formidable player in the private equity landscape.