Southeast Asia
Creador backs Philippines digital bank
Creador has made a rare early-stage investment, leading a pre-Series A round of USD 11m for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.
Insignia raises $516m for latest Southeast Asia vintage
Insignia Venture Partners has raised USD 516m for its third Southeast Asia fund, comprising USD 388m for a core venture vehicle, an accompanying entrepreneurs’ pool of USD 28m, and a USD 100m annex fund.
Centurium leads $200m round for China textile tech specialist
Centurium Capital has led a USD 200m investment in NTX, a Shanghai-based textile technology start-up that aims to serve as an eco-friendly supply chain partner to fashion and apparel brands.
LPs worried by rising fund sizes in Southeast Asia - AVCJ Forum
LPs are encouraged by Southeast Asia’s fast-developing private equity ecosystem, but they are concerned that increases in fund sizes are outstripping that of the addressable market, the AVCJ Southeast Asia Forum heard.
ABC Impact backs China autism therapy business
ABC Impact, a Singapore-based impact investor established by Temasek Trust, the philanthropic arm of Temasek Holdings, has led a USD 42m Series D for Da Mi & Xiao Mi (DMXM), a Chinese rehabilitation platform for children with autism spectrum disorder...
Sylvan buys Singapore orthopaedics business
Singapore-based private equity firm Sylvan Group has taken a controlling position in Singapore Orthopaedic Specialists (SOS) as a bolt-on of recently acquired Artemis Health Ventures.
GIC looks to PE to drive returns amid rising inflation
Singapore’s GIC is increasing its private equity allocation as part of a broader alternatives-oriented effort to ensure that returns keep pace with elevated inflation.
SE Asia exits set for near-term turbulence, long-term strength - AVCJ Forum
Private equity exits will remain challenging this year as buyers and sellers drift further apart on pricing, investors told the AVCJ Southeast Asia Forum, although their long-term outlook for liquidity in the region remains reasonably bullish.
Nue3 Capital leads Series C for Singapore's SuperAtom
Singapore-based financial technology start-up SuperAtom has raised USD 22m in Series C funding led by Malaysia's Nue3 Capital at a valuation of USD 370m.
Carousell buys VC-backed Indonesia re-commerce platform
Carousell, a Singapore-based mobile classifieds marketplace for second-hand goods, has acquired Indonesian re-commerce platform Laku6 with support from Temasek Holdings-owned Heliconia Capital.
Third close brings Circulate's cleantech fund to $53m
Circulate Capital, a Singapore-based environmental technology impact investor, has reached a third close on its second fund with USD 53m in commitments to date.
Deal focus: Navis penetrates Thai hospital segment
Navis Capital Partners’ acquisition of NP Medical extends its coverage of the Southeast Asia hospital space to a third geography while tapping into a general trend towards specialty providers
Navis buys majority stake in Thai hospital operator
Navis Capital Partners has invested an undisclosed sum for a majority position in NP Medical, owner and operator of S-Spine, a spine and nerve specialty hospital in Thailand.
Navis enters Asia credit space
Navis Capital Partners has launched a credit unit that will provide financing to companies in Asia that require growth capital but are reluctant to bring in equity investors.
RRJ to invest $251m in Singapore's Fullerton Health
RRJ Capital is poised to invest SGD 350m (USD 251m) in Singapore-based integrated healthcare platform Fullerton Healthcare Corporation after the target company settled a dispute with two of its co-founders.
B Capital raises $250m for global early-stage fund
Los Angeles and Singapore-headquartered B Capital Group has closed its first dedicated early-stage fund with USD 250m in commitments. It will target the US and Asia.
Indonesia's Pintarnya raises $14.3m seed round
Indonesia’s Pintarnya, a one-stop platform for blue collar workers, has closed a USD 14.3m seed round backed by General Catalyst, Sequoia Capital India, and East Ventures.
Fund focus: Lightspeed ramps up in India, Southeast Asia
Lightspeed Venture Partners is leaning hard into developing Asia with long-range vision, added operational resources, and a new USD 500m war chest
GP profile: Falcon House Partners
Falcon House Partners is one of the few survivors in Indonesia’s promising but challenging middle-market private equity space. Being hands-on is part of the secret
Asia logistics: Cost and complexity
Investment opportunities are expected to emerge as companies look to technology as a means of easing inflationary pressure on supply chains. Will Asia’s shallow pool of specialist logistics GPs deepen?
Glade Brook leads $20m round for Indonesia's Kitabeli
Glade Brook Capital Partners has led a USD 20m round for Kitabeli, which claims to be the largest fast-moving consumer goods social commerce platform in Indonesia’s lower-tier cities.
Canada's AIMCo to establish Asia base in Singapore
Alberta Investment Management Corporation (AIMCo), a Canadian pension plan with CAD 168.3bn (USD 127.9bn) in assets under management, has chosen Singapore over Hong Kong for its first Asia office.
Philippines venture builder, Ayala engineer health-tech merger
917Ventures, a corporate venture builder controlled by Philippines-based telecom operator Globe Group, has merged its KonsultaMD telehealth platform with assets held by Ayala Corporation to create a one-stop health super app.