Joji Thomas Philip
Founder & Editor-in-Chief
“The first fund was closed at $595 million in 2013. For fund two, we are looking similar, or slightly bigger size perhaps. The deals will be done with a similar strategy as in the past – $50 million to $100mn being the sweet spot with a wider range around that,” Padmanabh Sinha, managing partner, Tata Opportunities Fund said.
The vehicle – Värde Asia Credit Fund – hit the final close within six months.
Early last year, Ekrut had raised an undisclosed seed round from Indonesia’s leading early-stage investor, East Ventures.
Formerly known as Tembusu ICT Fund I, the VC had raised $35 million for its first fund in 2015.
Bukalapak co-founder and president Muhamad Fajrin Rasyid answers questions about Indonesia’s crowded e-commerce market, fundraising, potential listing plans and profitability.
Ng Beng Tiong, CEO, ARA Private Funds & Assistant Group CEO, ARA Group, is of the view that the firm should look at another 1-2 years before revisiting the question of listing.
It is also planning RMB equity funds and currency debt funds to invest in China’s real estate sector.
Singapore-based investment management firm SC Capital Partners aims to hit the final close of its $1-billion fifth vehicle Real Estate Capital Asia Partners-V by this year-end.
It is learnt to be on the road for its $500 million core-plus vehicle for Japan, and is targeting to close the fund this calendar year.
Southeast Asia may not see domestic investors participate in the middle rounds – Series B and C rounds of financing – on the scale that China or India has witnessed, and local PE firms may also be unable to plug this gap, Perlman said.