Managers/Private equity/California/Asia Alternatives Management

Asia Alternatives Management

Asia Alternatives Management is a private equity and venture manager in San Francisco, CA. It is registered with the SEC as an investment adviser with $13.2B in regulatory assets and 47 staff. It has 35 funds on file, the latest reported in October 2026.

Funds on file
35
Raised, all funds
$2.7B
Regulatory assets
$13.2B
Staff
47
Pension investors
5
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Oct 2026 Asia Alternatives Capital Partners VII, LP Private equity $250.6M Not given
Oct 2026 Asia Alternatives Secondaries Top-Up, LP Private equity $45.2M Not given
May 2026 AACP China Growth Investors XV, L.P. Private equity $3M $3M
May 2025 AACP India Growth Investors I (Tax-Exempt), L.P. Private equity $30M $30M
Mar 2025 AACP India Growth Investors I, L.P. Private equity $8M Not given
Nov 2024 Fresno Asia Investors, LP Private equity $0 Not given
Apr 2024 AACP India Growth Investors H, L.P. Private equity $8.9M $8.9M
Dec 2023 AACP China Venture Investors N, L.P. Private equity $10M $10M
Oct 2023 New Jersey Asia Investors Evergreen, LP Private equity $0 Not given
Aug 2023 AACP Australia Buyout Investors III, L.P. Private equity $7.8M $7.8M
Jul 2023 Asia Alternatives FL Investor IV, LP Private equity $202M Not given
Dec 2022 AACP China Growth Investors XIV, L.P. Private equity $15M $15M
Nov 2022 AACP Korea Buyout Investors VI, L.P. Private equity $2M $2M
Mar 2022 AACP Japan Buyout Investors VII, L.P. Private equity $26.6M Not given
Jan 2022 AACP Tax-Exempt Investors VI (ERISA), L.P. Private equity $154.5M $154.5M
Jan 2022 AACP Tax-Exempt Investors VI, L.P. Private equity $320.2M $320.2M
Jan 2022 Asia Alternatives Capital Partners VI (ERISA), LP Private equity $22.9M $22.9M
Jan 2022 Asia Alternatives Capital Partners VI (Europe), LP Private equity $102.9M $102.9M
Jan 2022 Asia Alternatives Capital Partners VI, LP Private equity $498M $498M
Dec 2021 AACP India Growth Investors G, L.P. Private equity $9.1M $9.1M
Oct 2021 New York Balanced Pool Asia Investors IV, LP Private equity $212.7M $212.7M
Aug 2021 MN Associates, LLC Venture $10.2M $10.2M
Aug 2021 AACP Korea Buyout Investors V, L.P. Private equity $2.5M Not given
Jul 2021 AACP China Growth Investors XIII, L.P. Private equity $21.1M $21.1M
Jul 2021 AACP China Venture Investors M, L.P. Private equity $18.5M $18.5M
Jun 2021 AACP India Growth Investors E, L.P. Private equity $3.8M $3.8M
Apr 2021 AACP China Growth Investors XII, L.P. Private equity $63.1M $63.1M
Apr 2021 AACP China Venture Investors K, L.P. Private equity $5.5M $5.5M
Mar 2021 AACP China Venture Investors J, L.P. Private equity $2M $2M
Mar 2021 AACP China Venture Investors L, L.P. Private equity $5M $5M
Oct 2020 MN Asia Investors, LP Private equity $201.3M $201.3M
Oct 2020 Virginia Asia Investors III, LP Private equity $201.3M $201.3M
Aug 2020 AACP Korea Buyout Investors IV, L.P. Private equity $5M $5M
Aug 2020 MD Asia Investors IV, LP Private equity $201.3M $201.3M
Aug 2020 AACP Australia Buyout Investors I, L.P. Private equity $5M Not given

History

Asia Alternatives Management is based in San Francisco, California, and runs private equity and venture funds. The firm is a registered investment adviser, meaning it is licensed to manage money for clients. As of August 2026, it managed $13.2B and had 47 staff.

The firm has 35 funds on file, which together raised $2.4B. Asia Alternatives Capital Partners VI and AACP Tax-Exempt Investors VI both began raising in September 2020 and reported $498M and $320.2M in January 2022. Virginia Asia Investors III and MN Asia Investors each reported $201.3M in October 2020, New York Balanced Pool Asia Investors IV reported $212.7M in October 2021, and 29 other smaller vehicles are also on file.

The newest main fund, Asia Alternatives FL Investor IV, began raising in July 2023 and reported $202M that month, with no target reported. New Jersey PERS committed $600M in 2023, $300M in 2016, $200M in 2011 and $100M in 2008. Minnesota Police and Fire committed $300M in 2020 and $99M in 2017, CalPERS $50M in 2007, and San Francisco ERS $50M in 2017.

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$13.2B
Employees47
Clients158 private funds.
Control personsPraneet Garg, Melissa, Jasmine Ma, Hongjiang Xu, Akihiko Yasuda.
Private funds121 private funds holding $10.7B in gross assets.

Private funds it reports

FundTypeGross assets
Asia Alternatives Capital Partners V Private equity $1.4B
Asia Alternatives Capital Partners IV Private equity $1.2B
San Francisco Asia Investors Private equity $595.3M
Asia Alternatives Capital Partners Iii Private equity $493.3M
Asia Alternatives Ivory Partners Iii Private equity $425.1M
New Jersey Asia Investors Iii Private equity $342.7M
Asia Alternatives FL Investor II Private equity $326M
Asia Alternatives Capital Partners VI Private equity $316.2M
New York Co-investment Pool Asia Investors II Private equity $289.9M
New York Balanced Pool Asia Investors II Private equity $271.6M
IL Asia Investors Private equity $264.8M
Virginia Asia Investors II Private equity $260.6M
MD Asia Investors Iii Private equity $250.5M
Hessen Doctors Asia Investors Private equity $241.2M
Asia Alternatives FL Investor Private equity $223.1M