India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
Fundraising has become more difficult and might lead to further underperformance in the stock market, which could hinder successful initial public offerings (IPOs), the primary mode of exit for private equity investors.
Although fundraising has fallen, venture capital activity in the region has maintained its momentum. Asia has recorded 2,174 deals so far in 2016, worth a combined $42 billion. This is on course to match the record seen in 2015, when there were 3,651 deals recorded worth a combined $52 billion.
International Finance Corporation, the private lending arm of World Bank, has announced investments in two Chinese entities. The first is a new China-focussed $200 million fund being raised by Maison Capital Fund LP. IFC might invest $25 million in the fund, and will not exceed 20 per cent of the fund’s total… Read more »
Southeast Asia is emerging as a major market for private equity play as mature startups, looking to scale at regional and global levels, catch investor interest. Know more from an eminent panel of speakers about the deal-making landscape of SE Asia’s fastest growing and distinct markets at the Asia PE-VC Summit 2016 on September 30 in Singapore.
Asia PE-VC Summit Panel: Venture Capital in ASEAN – Is the region on course to become an innovation hot spot?
From being laggards in Asia, as China and India mopped up most of the PE-VC funding, Southeast Asian nations are reaching a tipping point. With more investors heading to high-growth countries like Vietnam, lured by its young demographic and untapped markets. The sentiment has gradually become more optimistic.
The company listed on ASX last year, in what Ooi describes as a kind of ‘public VC’ funding round. The money raised – $10 million through KTM Capital — was mainly used to expand the online business in the US, including holding of several trade shows.
Asia-based fund managers represent 92% of 2016 YTD fundraising focused on the region,
and 17 of the 20 largest deals since 2015.
The investment will allow Baidu CQ MCC to expand its lending business, which supports young people in getting vocational training, and expands access to education in China. Such training benefits those who lack working experience and have limited access to bank loans.
Crescent Capital is preparing for a trade sale of building materials provider ArcPac, after selling its Brisbane-based Breezway Louvre Windows division to its rival, US-based Jeld-Wen. Breezway, which Crescent had made part of ArcPac for three years, was sold for $100 million, said a report in The Australian. The company has… Read more »
CLSA Capital Partners, the alternative asset management arm of CLSA, today announced an initial public offering of BayCurrent Consulting, Inc. on Mothers market of Tokyo Stock Exchange. The IPO provides an exit for Sunrise Capital II, the CLSA Capital Partners’ buyout fund that invests in established, mid-cap companies with strong growth potential in Japan…. Read more »