Indonesia's GPs: Subscriptions wanted
Around 15 Fund-of-Funds LPs descended on Jakarta earlier this year to conduct due diligence on Northstar Pacific Partners’ third buyout fund. The Indonesian private equity firm set an initial target of $500 million but the final close is believed to be in the region of $750 million - such was the level of investor interest.
That is nearly seven times the size of its first fund, which launched just four years ago. “Only five or six of these fund-of-funds are likely to receive allocations, which means the rest will look...
More on Southeast Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.