Novo Tellus has raised $250 million for a second fund, attracting new US pension and endowment funds at a time when most are struggling to fundraise. Hear how Loke Wai San went from raising only one-quarter of his target in 2011 to raising ten times that amount for his second fund. This Singaporean GP who left Baring Private Equity Asia in 2010, will share the ups and downs of his journey from Fund One to Fund Two, and how a promise he made meant returning capital before raising a second fund.