Asian Development Bank
Quadria hits $500m first close on third healthcare fund
Singapore-based healthcare specialist Quadria Capital has reached a first close of USD 500m on its third flagship fund. The target is USD 800m.
Growtheum closes debut Southeast Asia fund on $567m
Growtheum Capital Partners, a private equity firm established by the former head of GIC’s direct private equity investment group in Southeast Asia, has closed its debut fund on USD 567m, falling short of the USD 750m target set in early 2022.
Exacta seeks $350m for SE Asia fund, wins ADB support
Singapore’s Exacta Capital Partners, a PE firm affiliated with Mizuho Asia Partners, has received USD 25m from Asian Development Bank (ADB) for its latest fund. The target is USD 350m.
ADB invests $15m in Philippines supermarket Dali
Asian Development Bank (ADB) has agreed a USD 15m equity investment in the Philippines business of Switzerland-based discount supermarket operator Dali.
ADB backs Quadria's third health fund
Asian Development Bank (ADB) has committed USD 25m to the third fund from Singapore-based Quadria Capital, a healthcare-focused private equity firm.
Deal focus: Euler finds favour with India-oriented EVs
Euler Motors is one of several India-based electric vehicle manufacturers attracting significant private capital, but the company believes its customised offering for commercial users is truly differentiated
ADB makes LP commitment to KV Asia's second fund
Asian Development Bank (ADB) has confirmed an investment of USD 15m in the second Southeast Asia lower middle market private equity fund from KV Asia Capital.
Deal focus: India’s Shubham sees opening to accelerate
Shubham believes its long-curated datasets and institutional memory differentiate it from a growing pack of low-income housing lenders. Global impact investors appear convinced
India affordable housing player raises $112m
Indian lower-income mortgage lender Shubham has raised USD 112m led by British International Investment (BII). It facilitates exits for Elevar Equity and Motilal Oswal Private Equity (MOPE).
PAG raises $525m for second China growth fund
PAG has closed its second growth fund, which makes middle-market investments – predominantly in China – that fall below the minimum check size for its pan-Asian vehicle at $525 million.
LPs look for signs of maturity in Vietnam PE - AVCJ Forum
Institutional investors are encouraged by the progress Vietnam has made in terms of macroeconomic stability and ease of doing business, but they are still waiting for the local private equity ecosystem to reach its next level of maturity.
Vietnam SOEs: Diverted divestments
Murky accounting and politics have rapidly decelerated the privatization of Vietnam’s government-owned companies in recent years. Private equity is biding its time and testing creative inroads
Ascent closes debut Myanmar fund at $88m
Ascent Capital has closed its debut Myanmar growth fund with $88 million in commitments. It is said to be the largest private equity fund dedicated to the country.
ADB Ventures raises $50m for debut fund
ADB Ventures, a VC unit of the Asian Development Bank launched earlier this year, is set to begin investment after raising $50 million for its debut impact fund.
ADB launches venture arm
The Asian Development Bank (ADB) has launched a VC arm focused on climate change-related technologies and women’s empowerment in the region.
Indonesia infrastructure: Forging frameworks
Indonesia has set the stage for more private sector involvement in a government-dominated and desperately underdeveloped infrastructure space. A range of intangibles could impede the integration
ADB, DEG join $144m round for India solar player
Indian renewable energy developer Avaada Energy has raised a INR10 billion ($144 million) investment from a consortium including the Asian Development Bank (ADB) and development institutions DEG and FMO.
Ascent Capital launches Myanmar PE fund
Ascent Capital, a Singapore-based private equity firm set up last year with a focus on Myanmar, has formally launched its debut fund with about $50 million in confirmed commitments.
ADB backs Creador’s Southeast Asia fund
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).
ADB invests $25m in Mizuho SEA fund
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
South Asia: Indian satellites
India’s economic dominance of South Asia has not translated into a firm leadership role for the region. Private equity strategies therefore vary widely across the country’s immediate geographic orbit
Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
PE investment in Indonesia infra set to increase
Indonesia appears set to see more private equity investment in its growing infrastructure space as an early phase of government-dominated investment transitions into a more complex financing environment.
Indonesia tech: Sleeping giant
Bullishness around Indonesia’s young online economy has been encouraged by a handful of VC-backed homeruns and promising demographics. Achieving scale in new business models remains a sticking point