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Singaporean PE firm Ikhlas Capital targets mid-2020 close for 1st fund – Reuters

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Singaporean PE firm Ikhlas Capital targets mid-2020 close for 1st fund – Reuters

Ikhlas Capital is aiming for a midyear close of its inaugural fund, Reuters reported, citing founding partner and Chairman Nazir Razak.

The Singapore-based private equity firm is reevaluating its fundraising target of $500 million in the wake of the coronavirus outbreak, according to the report.

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