Polaris closes US$1.2B flagship fund, its largest in 22 years
What's the deal? Polaris Capital GroupDealroom has a profile for this one. Try Dealroom → (Polaris CG Singapore) has closed its flagship Polaris VI Series Funds at over ¥200 billion (about US$1.2 billion), advised by the Maples Group. The funds held their final close on April 28, 2026, hitting their aggregate hard cap.
Why now? The vehicle drew commitments from domestic and international institutions and closed after exceeding its target. It marks the largest fundraise in the firm's 22-year history.
Who advised? A Maples Group team in Hong Kong acted as Cayman Islands counsel, led by funds and investment management partners Sharon Yap and Aidan O'Regan, with support from its fiduciary services team.
The firm's funds and investment management practice advises managers on structuring vehicles across the British Virgin Islands, the Cayman Islands, Ireland, Jersey, and Luxembourg.
The signal: A billion-plus close points to continued strength in Asia-focused private equity fundraising, even as global closures grow more selective. It shows regional managers beyond the biggest global brands can still secure sizeable pools — a notable datapoint rather than a routine one.
Read more: Maples Group
Image credit: Visualvalhalla
