DealStreetAsia - Asia-focused financial news and intelligence platform

Vietnamese PE managers Excelsior Capital, ABB seal new deals

31m ago

Vietnamese PE managers Excelsior Capital, ABB seal new deals

Excelsior is raising its $200m second fund while ABB is deploying from its $70m Fund II.

Crypto investors spend $148m for seats at Trump's meme coin dinner

4h ago

Crypto investors spend $148m for seats at Trump's meme coin dinner

More than half of the 220 holders at the black-tie event are likely based outside the US.

Are Hong Kong’s crypto exchange licences worth it?

16h ago

Are Hong Kong’s crypto exchange licences worth it?

Tight compliance requirements and a ban on serving mainland users have limited the upside.

India: 360 ONE Asset rolls out $60m fund targeting early-stage startups

Venture Capital

10h ago

India: 360 ONE Asset rolls out $60m fund targeting early-stage startups

Goldman Sachs combines Asia investment banking units, names Drayton APAC head

12h ago

Goldman Sachs combines Asia investment banking units, names Drayton APAC head

Canadian pension fund CPPIB's India portfolio tops $21.6b

16h ago

Canadian pension fund CPPIB's India portfolio tops $21.6b

China plans predictable regulatory environment to aid overseas tech listings

8h ago

China plans predictable regulatory environment to aid overseas tech listings

Indonesia takes centre stage in Grab, GoTo's fintech gold rush

16h ago

Indonesia takes centre stage in Grab, GoTo's fintech gold rush

Private Equity

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Vietnamese PE managers Excelsior Capital, ABB seal new deals

31m ago

Vietnamese PE managers Excelsior Capital, ABB seal new deals

Excelsior is raising its $200m second fund while ABB is deploying from its $70m Fund II.

Rich families set to cut share of PE exposure to lowest in five years: UBS

15h ago

Rich families set to cut share of PE exposure to lowest in five years: UBS

Family offices are leaning into developed market equities and private debt.

Asia's abundant wealth warms up to infrastructure funds

16h ago

Asia's abundant wealth warms up to infrastructure funds

Infra funds match the returns of private debt and real estate, but win on risk profile.

16h ago

Blackstone looks to broaden private-wealth business in Japan by tapping banks

Blackstone's AUM in Japan has swelled since 2022, totaling about $3.13b in end-March.

India Digest: Blackstone leads race for AGS Health buyout; CleanMax eyes IPO

Brookfield is planning to offload shares in CleanMax's proposed IPO.

SG’s CapitaLand Investment launches first onshore China fund with $693m in equity

When fully deployed, the fund is expected to contribute $2.8 billion to CLI’s FUM.

Three veterans to exit Affinity Equity Partners ahead of sixth pan-Asian fund launch: report

Queenie Ho, Icksoo Jung, and Kenneth Liu, will depart over the next 12 months.

Venture Capital

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10h ago

India: 360 ONE Asset rolls out $60m fund targeting early-stage startups

The fund has already completed four investments across diverse sectors.

SeaTown Holdings commits $89m in SG healthcare firm AddVita

The investment was made through SeaTown Private Capital Master Fund.

Lighthouse Capital’s $50m new AI-focused fund hits first close

The dual-currency fund will invest in seed and angel stages across frontier technology opportunities.

[Updated] Indonesian proptech firm MilikiRumah closes $2m seed round

The round was led by Singapore’s family office Ruifeng Wealth Management.

India: CloudSEK raises $19m funding from MassMutual, Inflexor, others

Existing investors such as the Meeran Family, StartupXSeed, Neon Fund, and Exfinity Ventures also participated.

New Research Reports

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India Deal Review: Q1 2025

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

View Latest Report Read Summary

India Deal Review: Q1 2025

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

View Report Read Summary

Greater China Deal Review: Q1 2025

Greater China Deal Review: Q1 2025

The deal value plunged 49% to $9.6 billion from the previous quarter.

View Report Read Summary

Southeast Asia Deal Review: Q1 2025

Southeast Asia Deal Review: Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

View Report Read Summary

SE Asia Private Equity Funds: H2 2024 Review

SE Asia Private Equity Funds: H2 2024 Review

Only four SE Asia-focused PE funds secured final closes in 2024.

View Report Read Summary

DATA VANTAGE Newsletters

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14h ago

Data Vantage: Peak XV’s partial exit from Insider and other updates

Peak XV was not the only investor in Insider to capitalise on General Atlantic’s entry.

Data Vantage: Secondary transactions in focus and other updates

Software and financial services emerged as the leading sectors in India’s venture capital landscape.

Data Vantage: RushOwl secures $7.3m from Alibaba, Gobi, and other updates

The latest round brings RushOwl’s total paid-up capital to S$13.2 million.

DATA VANTAGE: Connect and Heal, HydraX, QE Labs in focus

Also read about IPO trends in Greater China in Q1 2025.

Deals

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India Digest: Alt Carbon, Zoca, Data Sutram raise funding

11m ago

India Digest: Alt Carbon, Zoca, Data Sutram raise funding

ID Digest: Easycash raises $15.3m loan from Bank CTBC; Alfamidi eyes 200 new stores

6h ago

ID Digest: Easycash raises $15.3m loan from Bank CTBC; Alfamidi eyes 200 new stores

SEA Digest: AVV to deploy $6m over 6 months; Lalamove enters ride-hailing in Vietnam

7h ago

SEA Digest: AVV to deploy $6m over 6 months; Lalamove enters ride-hailing in Vietnam

India's Bajaj Auto to take control of KTM with $906m debt deal

10h ago

India's Bajaj Auto to take control of KTM with $906m debt deal

Data Vantage: Peak XV’s partial exit from Insider and other updates

14h ago

Data Vantage: Peak XV’s partial exit from Insider and other updates

Beyond The Buyout Newsletters

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Beyond the Buyout: US-China tariff tension eases but investors hold steady

Investors refrain from making changes to their strategies in the absence of a lasting deal.

Beyond the Buyout: India’s investment outlook faces a geopolitical test

How businesses navigate this period will reveal much about their risk appetite.

Beyond the buyout: India’s homegrown PE funds in favour

Also, why are small and mid-cap funds turning into ‘zombies’ in SE Asia and China?

GreenStreet Newsletters

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GreenStreet: Financing the Energy Transition

This edition looks at the rise of private credit in financing climate action.

GreenStreet: Agents of change

Read about the role of women in climate action and investing.

Climate & Impact

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Novo Holdings eyes opportunities in food, agri and climate tech sectors in India, Indonesia

Novo Holdings eyes opportunities in food, agri and climate tech sectors in India, Indonesia

ReNew Energy Global to invest $2.57b in solar, wind project in India

ReNew Energy Global to invest $2.57b in solar, wind project in India

AllianzGI to ride energy transition, data centre growth in Asia

AllianzGI to ride energy transition, data centre growth in Asia

China's solar panel makers log first combined net loss in 2024

China's solar panel makers log first combined net loss in 2024

PE investors missing out on opportunities in climate adaptation: BCG & Temasek report

PE investors missing out on opportunities in climate adaptation: BCG & Temasek report

Analysis

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China plans predictable regulatory environment to aid overseas tech listings

8h ago

China plans predictable regulatory environment to aid overseas tech listings

The regulator will further strengthen the security of funds raised by listed companies.

SingTel sets $1.6b buyback plan, expands asset monetisation target

9h ago

SingTel sets $1.6b buyback plan, expands asset monetisation target

It will buy back S$2 billion ($1.55 billion) worth of its shares over the next three years.

China's Xiaomi founder expects new electric SUV to hit market in July

10h ago

China's Xiaomi founder expects new electric SUV to hit market in July

It will launch its second EV model later today.

The LP View

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Enough buyers for quality assets in Asia secondaries market: Pantheon

Enough buyers for quality assets in Asia secondaries market: Pantheon

Secondaries are emerging as a key entry point for investors: Mercer

Secondaries are emerging as a key entry point for investors: Mercer

Investors bet globally, but also 'go local' in Asia amid tariff moves

Investors bet globally, but also 'go local' in Asia amid tariff moves

The LP View: GPs need to rethink strategy as days of super returns are over in China

The LP View: GPs need to rethink strategy as days of super returns are over in China

Sluggish distributions to push investors towards GP-led continuations amid tariff uncertainty

Sluggish distributions to push investors towards GP-led continuations amid tariff uncertainty

Earnings & Results

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SingTel announces $1.5b buyback after annual underlying profit rises 9%

18h ago

SingTel announces $1.5b buyback after annual underlying profit rises 9%

Net profit for the year ended March 31 was S$2.47b.

Baidu's Q1 revenue tops estimates as AI cloud services offset ad weakness

Baidu's Q1 revenue tops estimates as AI cloud services offset ad weakness

Baidu's online marketing business revenue fell 6%.

Air India-Vistara merger lifts Singapore Airlines to record profit in March qtr

Air India-Vistara merger lifts Singapore Airlines to record profit in March qtr

Passenger yields, a proxy for airfares, dropped by 5.5% due to stiff competition.

Alibaba misses revenue estimates amid consumption slowdown in China

Chinese shoppers have increasingly become cost-conscious.

Ant Group's profit down 31.4% YoY in December quarter

Chinese media had reported that the fintech group plans to list Ant International on HKEX.

People

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4h ago

Crypto investors spend $148m for seats at Trump's meme coin dinner

More than half of the 220 holders at the black-tie event are likely based outside the US.

12h ago

Goldman Sachs combines Asia investment banking units, names Drayton APAC head

It aims to integrate its regional deals advice and capital market capabilities.

Ex-Monument Asia team launches New Peak Partners

It will support managers in the region to raise capital from N America, Europe & Middle East

Interviews

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How Vivriti Asset Mgmt is tapping into the $342b MSME credit gap

How Vivriti Asset Mgmt is tapping into the $342b MSME credit gap

Impact fundraising has been challenging but will revive: Bintang Capital

Impact fundraising has been challenging but will revive: Bintang Capital

VIG Partners delays fifth fundraise amid market disruptions, eyes year-end close

VIG Partners delays fifth fundraise amid market disruptions, eyes year-end close

Despite tariff threats and funding crunch, Gobi Partners stays the course in SE Asia

Despite tariff threats and funding crunch, Gobi Partners stays the course in SE Asia

SE Asia to see more direct investments from China than fund flow: CDH

SE Asia to see more direct investments from China than fund flow: CDH