Twenty years after Warburg Pincus set up shop in Asia, the region accounts for one third of the firm’s headcount and approximately one third of its most recent global fund. However, Charles R. Kaye, co-CEO of Warburg Pincus, is non-committal when asked if the firm would consider raising a dedicated Asia fund
"We did have an international companion fund in the late 1990s when the firm had begun to invest more internationally. We have done it more recently last year with an energy companion fund, given the size...
SoftBank Vision Fund 2 is the largest participant in a KRW223.6 billion ($187 million) investment in Naver Z, the metaverse platform unit of Korean internet giant Naver Corporation.
Horizons Ventures, the private investment arm of Hong Kong billionaire Li Ka-Shing, has led a A$129 million ($92.3 million) Series B round for Australia’s Harrison.ai, a clinical artificial intelligence (AI) developer.
Airbus Ventures has led a $25 million Series B round for Australia’s Q-Ctrl, a quantum computing developer increasingly geared toward space tech and orbital infrastructure.
STIC Investments has led a KRW1 trillion ($840 million) investment in Iljin Materials, a Korean producer of electric foils used in lithium batteries and consumer electronics, to support the international expansion of its manufacturing footprint.