Endeavor Catalyst has closed an oversubscribed $320 million Fund V, bringing its total assets under management to more than $850 million and making Asia a stated priority for the new fund’s pipeline.

The venture fund invests exclusively in companies led by Endeavor Entrepreneurs and co-invests alongside venture capital and growth-equity firms.

Asia becomes a stated pipeline priority

Endeavor Catalyst said it has invested $46.8 million across 44 companies in six Asian markets. Its regional portfolio includes companies such as Bukalapak, Advance Intelligence Group and Alpaca, while Endeavor’s wider Asian network includes founders from companies including Carro, Carousell and ShopBack.

The organization launched a Global Hub in Singapore earlier this year and said that hub will anchor its regional presence. Managing Director Nadir Zafar said the hub is intended to connect regional founders with Endeavor’s global network and help companies scale from Asia into wider markets.

Fund V already has 30 portfolio companies

Fund V has already backed 30 companies through 32 investments and deployed $55.7 million. Early investments include Replit, Moove, Preply, Cashea, Respond.io, HappyRobot, Flash and Lunar Outpost.

Across all five Endeavor Catalyst funds, the organization reports 437 companies in 44 markets, 83 companies valued above $1 billion and 39 exits. Its limited-partner base also includes Endeavor Entrepreneurs, who represent about 30 percent of LPs by headcount and 20 percent of capital raised in Fund V.

Endeavor did not disclose a fixed allocation for Asia, so the region’s status as a pipeline priority should not be read as a committed percentage of Fund V capital.