The Matai Private Equity No.1 LP Offer was made to Wholesale Investors and opened on 26 February 2019 and closed on 31 March 2019 raising US$15 million. Matai invests as a limited partner in the L Catterton Asia 3 Fund.
The General Partner and Manager is responsible for overseeing the administration and treasury functions of Matai. This role involves all communication with investors in Matai and managing the flow of funds between Fund 3, Matai and Matai investors. The Board of the General Partner and Manager comprises two directors: Neil Craig and Ken Phillip.
Neil Craig is a director of Craigs Investment Partners, and Ken Phillip is a director of Custodial Services Limited and was previously the Chief Financial Officer of Craigs Investment Partners.
The directors and executive have many years of experience in administrative roles associated with the Pohutukawa Private Equity funds (since 2004) and a number of other similar private equity and alternative investment funds.
The general partner of LCA 3 Sing LP, L Catterton Asia 3 GP Pte. Ltd engages the Investment Manager L Catterton Asia Advisors to provide investment management services to Fund 3.
Fund 3 is managed by an experienced and dedicated team, the partners of the L Catterton Asia platform. The management of Fund 3 is further overseen by L Catterton co-CEOs, J. Michael Chu and Scott Dahnke.
Matai is structured as a limited partnership under the Limited Partnerships Act 2008. The General Partner will be Matai Management Limited (a wholly-owned subsidiary company of Craigs Investment Partners). Matai Management Limited will also be the Manager of Matai.
Matai will invest as a limited partner in L Catterton Asia 3 Sing LP which invests in to Catterton Asia 3 Fund
An investor’s Shares in Matai will be held via Custodial Services Limited (wholly-owned by Craigs Investment Partners) and will hold the Shares on bare trust for Matai investors.
The structure diagram is shown below: