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.
Morgan Stanley Private Equity Asia (MSPEA) has reached a final close on its debut Thailand-focused fund with more than $440 million in commitments. The vehicle, launched in partnership with Bangkok Bank, had an initial target of $300 million.
Kendall Court has invested $55 million in Mandaya Medical, a healthcare-focused subsidiary of Indonesian conglomerate Selaras Group, via convertible preference shares.
Sequoia Capital India has split its investment staff, creating separate teams for India and Southeast Asia focused on venture and growth capital investments. The firm's China and US affiliates already employ a similar strategy.
Thailand-based financial technology company Omise has raised a funding round of undisclosed size led by Japanese venture capital investor Global Brain.
Matteo Stefanel discovered a passion for financial services early in his career. This led to the formation of Apis Partners, which seeks to back the sector’s most innovative entrepreneurs in Asia and Africa
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
China and Southeast Asia-focused VC firm Gobi Partners has launched a $10 million fund aimed at early stage investments in Indonesia.
Indonesian venture capital firm Kejora Ventures is seeking $100 million for a growth fund that will participate in Series B and C rounds for local start-ups. Initial commitments have come from several Korean investors, reflecting the country’s strong...
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, has closed its fourth fund at $812 million.
Industry participants at the AVCJ Philippines Forum praised the country’s macro fundamentals but attributed slow maturation of the local investment environment to a range of complex underlying factors.
Gobi Partners, a VC firm focused on early-stage Chinese and Southeast Asia companies, has made its first foray to the Philippines through the launch of a $10 million fund. It is partnering with Core Capital, a recently-established VC player based in Manila.
Microsoft has made a strategic investment in Grab as part of a wider arrangement that will see it collaborate with the Southeast Asia-focused ride-hailing business on digital services.
Sequoia Capital has led a $166 million Series D funding round for One Championship, a Singapore-based mixed martial arts (MMA) organization that stages tournaments across the region.
Wilmar Ventures, an investment arm of Asian agribusiness conglomerate Wilmar International, has led a $50 million funding round for Accera, a developer of treatments for Alzheimer’s disease.
KKR and Tencent Holdings have led a $175 million investment in a financial technology unit of Philippines telecom giant PLDT. It is said to be the largest ever investment in a local technology company.
Mitsui & Co has led a $40 million Series B round for Campana Group as the data network infrastructure company advances the installation of an undersea fiber cable system between Singapore and Myanmar.
Venturra Capital has led a $26 million Series A round for First Circle, a Philippines-based lending platform operator focused on small to medium-sized enterprises (SME).
Portfolio companies in Asia’s emerging markets are increasingly enthusiastic about implementing environment, social and governance (ESG) policies, but only when they see clear benefits for their business
NewQuest Capital Partners and Committed Advisors have invested $175 million in a fund intended to institutionalize the Basil Partners platform and help its portfolio companies achieve greater scale
A group of VCs specializing in blockchain-related investments has backed a $20 million round for The AI Grid Foundation, a Singapore-based company that promotes decentralized renewable energy usage.
Asia-focused infrastructure investor Equis Group has appointed Damian Secen, a former senior managing director at Macquarie Infrastructure and Real Assets (MIRA), as a partner in its Singapore office.
Caldera Pacific, a Southeast Asia-focused private equity firm that has spent the past four years working on a deal-by-deal basis, is looking to raise $200 million for its debut fund.
NewQuest Capital Partners and Committed Advisors have bankrolled the formation of a $175 million fund that will acquire the existing portfolio of Singapore-based Basil Partners and provide additional capital for follow-on investments.