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Navegar Closes Philippines-Focused Navegar II, L.P.

Manila-based private equity firm Navegar, has closed Navegar II, L.P. with US$197 million of commitments, substantially above its US$150 million target. Consistent with its predecessor fund, Fund II will focus on investments in established companies in the consumer and business services sectors in the Philippines. 

“We are very pleased with the results of this fundraise,” said Honorio Poblador, Managing Partner, Navegar. “The success of this effort is all the more notable given that our final close was held in the midst of the COVID-19 pandemic. We greatly appreciate the confidence and trust of our investors.”

Fund II closed on June 24, 2020. The fund’s investor base is comprised of development finance institutions, sovereign wealth funds, pension funds, endowments, family offices and high net worth individuals, in Asia, Europe and the United States.

“We are very pleased to announce the oversubscrisbed final closing of Fund II. We extend our gratitude to the entire Monument team for their commitment throughout this process,” said Javier Infante, Managing Partner at Navegar. “We have already completed two investments from Fund II, indicative of the ongoing opportunities in the Philippine consumer and business services sectors. With this additional capital, we are well positioned to continue supporting promising businesses in this dynamic market, partnering with founders and management teams to create long-term shareholder value.”

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