Deals
The new feature will allow stablecoins and other digital assets to be converted into usable funds for GrabPay.
Indonesia proposes to inject $3.7b into state-owned firms in 2024-25: minister
Qiming leads Shengshu Technology’s fresh funding round and 38 Greater China deals worth almost $368m
Hong Kong surpasses Singapore with over 2,700 single-family offices
India Digest: Jumbotail, Sprih raise funding; Malabar Investments eyes Sugar Cosmetics stake
SEA Digest: Grab partners with Triple-A; VinFast founder launches new company
More Stories
The LP View: Singlife’s investment arm charts private equity course for Asia
IFC weighs $100m investment for responsAbility’s Asia-focused climate fund
Charticle: First-time VC fund managers in SE Asia had one of their toughest years in 2023
Vietnam’s Vingroup sells 41.5% of its stake in Vincom Retail for nearly $1b
Indonesia-listed Saratoga likely to acquire Brawijaya Hospital from PE firm Falcon House
Venture Capital
Accredify had raised $7m in its Series A round in Apr 2023.
The round was anchored by venture capital investor TRIVE Ventures.
Indonesia-based digital staffing platform Staffinc has received a fresh capital infusion from its existing investors.
Private Equity
The Riyadh-headquartered fund manager will also be opening an office in Singapore.
The ownership change will not affect Singlife’s operations, which include its name, brand, management team, and products.
The LP View
Singlife currently allocates about 20% to alternatives.
responsAbility is raising $500 million for its latest climate investment vehicle – Asia Climate Fund.
Analysis
In 2023, only two funds managed by first-time GPs achieved a final close, compared with 13 the previous year.
IFC’s investment will be in the form of senior debt and subordinated debt.