
Weekly digest - January 11 2023

By the Numbers
AVCJ RESEARCH
POST-PANDEMIC RECOVERIES
Once a success story in Korea’s low-cost carrier space, Eastar Jet fell on difficult times because of the pandemic. VIG Partners, which acquired the business this week , is planning a turnaround. GPs across Asia have sought opportunities in travel, hospitality, and aviation, often targeting troubled assets. Investment reached USD 4.4bn in 2020, down on the previous year, and then hit USD 6.7bn and USD 4.4bn in 2021 and 2022.
![]() All of the trends featured here were sourced from AVCJ's proprietary database, AVCJ Research, featuring comprehensive information on private equity deals, fundraises and exits.
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For your calendar
UPCOMING EVENTS
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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.