Southeast Asia
Fund focus: Dymon Asia completes quickfire fundraise
Careful – and protracted – cultivation of prospective LPs and relatively strong performance for Southeast Asia helped Dymon Asia Private Equity secure USD 650m for its third fund
Searchlight backs Singapore’s Synergy Marine Group
US-based Searchlight Capital Partners has taken a minority stake in Singapore’s Synergy Marine Group, a shipping fleet manager and maritime services provider, for an undisclosed sum.
Proterra backs Singapore biodiesel player
Specialist food and agriculture investor Proterra Investment Partners has agreed to invest in Aperion Bioenergy, a Singapore-based bioenergy producer that sources used cooking oil for feedstocks.
Dymon Asia closes Fund III at $650m hard cap
Dymon Asia Private Equity (DAPE) has closed its third Southeast Asia middle market private equity fund at a hard cap of USD 650m, beating a target of USD 550m.
FidelisWorld seeks up to $300m for second Asia fund
FidelisWorld, a private equity firm that invests in digitally-enabled businesses driven by consumer demand in India, is looking to raise USD 250m-USD 300m for its second fund.
Q&A: Mayer Brown's Soumitro Mukerji
Soumitro Mukerji, a partner in the banking and finance practice at Mayer Brown in Singapore, explores potential drivers of increased fund finance activity in Asian private equity
GP profile: ShawKwei & Partners
Helping Asian manufacturers climb the product value chain and lock in multinational customers is a key part of the ShawKwei & Partners thesis. It sees no reason to change, even amid sector volatility
Singapore's ShopBack secures $80m Series F extension
Temasek Holdings-controlled investor 65 Equity Partners has led a USD 80m equity investment in Singaporean retail platform ShopBack, extending a Series F round in June.
Singapore's Una Brands raises $30m Series B
Una Brands, a Singapore-based brand agglomeration platform that operates across Asia, has secured USD 30m in Series B funding led by Alpha JWC Ventures and White Star Capital.
BlackRock leads $300m investment in Indonesia's Traveloka
BlackRock has led a USD 300m investment in Indonesia’s Traveloka via a credit fund as expectations mount for an IPO by the travel platform.
Petronas Ventures backs Malaysian drone player
Petronas Ventures, the VC arm of Malaysian oil giant Petronas, has led a USD 30m round for drone developer Aerodyne Group with support from domestic pension fund KWAP.
LP interview: Partners Capital
Nearly a decade after establishing a foothold in Asia, Partners Capital has acquired a string of local clients and devised a distinct, middle market-oriented approach to deploying capital in the region
Fund focus: Tower goes large with debut fund
Tower Capital Asia is repositioning itself as a large, globally connected PE firm as it transitions from deal-by-deal investing to a fund structure. Deep roots in Singapore remain the nucleus of the strategy
Thailand's Line Man Wongnai raises $265m
Thailand’s Line Man Wongnai – a food delivery, taxi, and messaging app – has raised a USD 265m round featuring GIC at a valuation of USD 1bn. It claims to be the largest start-up locally.
Cambodia's Amara Capital backs local hospitality operator
Cambodia’s Amara Capital has agreed to invest an undisclosed sum in local restaurant and hotel group Thalias Hospitality.
TNB Aura leads $32m round for Singapore electronics brand
Singapore-based VC firm TNB Aura has led a SGD 45m (USD 32m) round for local consumer electronics brand Prism+ ahead of a Southeast Asia expansion.
Gobi raises $10m for Asia seed fund
Gobi Partners has closed a USD 10m Malaysia-focused seed fund with contributions from Allianz Malaysia, Malaysia Venture Capital Management (Mavcap) and Sunway Group.
Tower Capital closes maiden SE Asia PE fund on $379m
Singapore’s Tower Capital Asia, which has historically invested on a deal-by-deal basis, has closed its debut blind pool private equity fund for Southeast Asia on USD 379m.
Portfolio: Advantage Partners and Elise Fashion
Advantage Partners acquired Vietnamese women’s apparel retailer Elise Fashion with a view to integrating manufacturing, design, and distribution into a leaner operation with a more international profile
Indonesian crypto exchange Reku raises $11m
Indonesia’s AC Ventures has led a USD 11m Series A round for Reku, a local crypto exchange that claims to offer the lowest fees in the market.
Secondaries specialist TR Capital expands into Singapore
Asia-focused secondaries investor TR Capital has opened an office in Singapore, expanding a regional footprint that already includes bases in Hong Kong, Shanghai, Shenzhen, and Mumbai.
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.
East leads $26m Series A for Indonesia agtech start-up
East Ventures has led a USD 26m Series A round for Indonesia’s Gokomodo, an agriculture technology provider focused on simplifying fragmented and inefficient supply chains.
ICI signals growing climate agenda in Asia PE
Initative Climat International (ICI), a private equity community dedicated to stemming global warming, has launched an Asia Pacific chapter, signalling a growing regional commitment to climate issues.