(30 October 2026, Hong Kong) Templewater is pleased to announce the final close of Templewater II, L.P. (“Fund II”), its second mid-market buyout fund. Fund II was significantly oversubscribed, with total commitments exceeding both its initial target and hard cap.
Fund II secured commitments from a globally diversified investor base spanning across sovereign wealth and pension funds, insurance companies, private banks, fund of funds, global private markets managers, family offices and corporate investment offices. Templewater is grateful for the continued support of returning Templewater I investors and welcomes the new investors joining Fund II.
Fund II builds on the successful strategy established in Templewater I, targeting platform building acquisitions to create regional champions in Asia, with a focus on healthcare, precision manufacturing, and corporate and essential services. Fund II seeks controlling stakes in businesses supported by long-term secular tailwinds, combining a disciplined approach to entry valuations with a clear plan for growth and value creation.
Within its mid-market buyout strategy, Templewater sees substantial opportunities across Asia in founder-built businesses approaching crossroads such as succession or their next phase of growth, as well as non-core businesses spin-offs from corporates and family-owned conglomerates. Many of these are “sleeping beauties”: businesses with strong fundamentals, deep and sticky customer relationships and significant untapped potential that Templewater can help unlock. Whether through a succession solution or a corporate carve-out, Templewater aims to be a trusted partner to preserve the strengths that made these businesses successful while bringing the focused ownership, resources and operational support to unlock their next phase of growth.
Under this strategy, Templewater seeks opportunities to become a company’s first active private equity owner, partnering closely with the families, founders and management team to drive strong local businesses into regional champions. As the manager of Fund II, Templewater will work alongside the Fund’s portfolio companies to accelerate growth through M&A, strategic alliances and commercial partnerships across local and regional markets. Its value-creation approach includes strengthening management teams and building institutional-grade processes and governance to support businesses at greater scale. Alongside these initiatives, Templewater seeks to enhance governance to improve transparency and strengthen alignment among shareholders, management and other stakeholders. These efforts share a single goal: delivering compelling returns for Fund II’s investors.
Templewater thanks Fund II’s investorsfor their trust and confidence and looks forward to deploying the Fund’scapital with discipline and purpose.
About Templewater
Templewater is a leading Pan-Asia alternative asset manager founded in 2018. The firm manages capital on behalf of global institutions, sovereign entities, family offices and ultra-high-net-worth individuals, with a focus on building high-quality businesses that create long-term value for Asia. Templewater operates three core Pan-Asia strategies: Mid-Market Buyout Private Equity, Technology Investment and Real Estate, each designed to capture structural growth opportunities across the region.
Guided by a disciplined, purpose-driven investment philosophy, Templewater provides its portfolio companies with financial and human capital, operational expertise, institutional governance and a culture anchored in integrity and partnership. The firm’s mission is to transform high-potential companies into industry leaders with durable impact across Asia.
To learn more about Templewater, please visit www.templewater.com and follow Templewater on LinkedIn.
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