Axiom Asia Announces Final Closing of Its First Asia-Focused Fund of Funds

Axiom Asia Private Capital Pte Ltd announced today that it has
completed the final closing of Axiom Asia Private Capital Fund I, L.P.
(the Fund), a fund of funds that specializes in private equity fund
investments in Asia. Capital committed to the Fund equaled USD 440
million, above the original target of USD 350 million. The fund was
significantly oversubscribed.

The firm was founded by Chihtsung Lam, Yewhong Goh and Edmond Ng
in April 2006. They were subsequently joined by Marc Lau. The team has
over 30 years of investment experience at GIC Special Investments
("GIC SI"), the private equity arm of the Government of Singapore
Investment Corporation ("GIC"). The two Managing Directors of the
firm, Chihtsung and Yewhong, held a variety of senior positions at GIC
SI and have known each other for over 20 years, having met when both
attended Cambridge University in the 1980s. Chihtsung was an Executive
Vice President and a member of GIC SI's management committee and
investment committee and Yewhong was among its senior investment
professionals based in Asia, and once GIC's Hong Kong representative.

Axiom Asia was founded with the vision of offering limited
partners interested in Asia the experience of a senior team of private
equity professionals who have worked together at one of Asia's leading
institutions. Each member of the team combines experience in Asian and
global private equity and have worked on both fund and direct
investment transactions.

"We realized there was an opportunity for someone to become the
market leader in a new space - the independent Asian private equity
fund of funds segment," said Chihtsung Lam. "We observed in the 1990s
the emergence of the European fund of funds segment, and believed that
there was a similar opportunity for Asian fund of funds today. We
realized that we were fortunate to be in a fairly unique situation, as
a senior team who had previously worked together in one of the
region's leading private equity institutions."

Investors in the Fund include leading endowments, foundations,
pensions, financial institutions and family offices. Commitments to
the Fund came from investors in the United States, Europe, the Middle
East and Asia. The Fund's lead investors are the William and Flora
Hewlett Foundation and Comprehensive Financial Management.

"A significant proportion of our LPs are endowments and
foundations who do not typically invest in a fund of funds, but are
making an exception for Asia," said Yewhong Goh. "Our strategy is to
be a bridge between our LPs and GPs in Asia, leveraging on our global
private equity experience and in-depth understanding of the Asian
private equity market. We adopt an open and transparent approach with
both our LPs and GPs, and seek to establish long term relationships
with them."

"We believe this is an attractive proposition for our Asian
general partners, as an investment by Axiom would often place that
fund on the watch list for our LPs in their own capacities as well,"
added Chihtsung Lam. "We aim to be one of the key influencers in the
Asian marketplace, someone that would be considered a validating
presence by other LPs performing due diligence on a fund."

San Francisco-based Probitas Partners acted as exclusive placement
agent for the fundraising. "We congratulate Axiom Asia on the
impressive success of their first fundraising," said Jack Wills, a
Principal at Probitas Partners. "Chihtsung, Yewhong and their
colleagues at Axiom built an exceptional reputation in their years
with GIC SI, and they bring an impressive depth and range of
experience to their new endeavor. We're excited to have worked with
the Axiom team on the fundraising and look forward to their success as
an independent firm."

About Axiom Asia Private Capital

Axiom Asia, founded in 2006, is an independent investment firm
focusing on fund investments in buyout, venture capital and growth
capital opportunities in the Asia Pacific Region. The firm is
headquartered in Singapore. For more information, please visit
www.axiomasia.com.

About Probitas Partners

Probitas Partners, founded in 2001, is an employee-owned,
independent provider of alternative investment solutions,
headquartered in San Francisco with offices in New York and London.
Its integrated global practice includes placement of private equity
funds, portfolio management and liquidity management. For more
information please visit www.probitaspartners.com or call (415)
402-0700.