Affirma Capital completes $1-bn management buyout of Stanchart's PE biz

Affirma Capital, with assets under management (AUM) of $3.6bn and over $700m for new investments, has been spun out of Standard Chartered Bank after a complex three-year process

Affirma Capital, the newly formed emerging markets private equity platform, has completed its management buyout (MBO) from Standard Chartered Bank, led by its seven partners and backed by Intermediate Capital Group’s (ICG) strategic equity funds through the acquisition of a majority of the bank’s private equity portfolio.

Affirma Capital, which has assets under management (AUM) of $3.6bn and over $700m for new investments, has been spun out of Standard Chartered Bank after a complex three year process involving over 50 investments across six regions (China, India, South East Asia, South Korea, Sub-Saharan Africa and the Middle East), and a team