Search Results for:Joji Thomas Philip
Joji Thomas Philip is the founder and editor-in-chief at DEALSTREETASIA. He is passionate about news and views, and believes this venture, his first stint at entrepreneurship, can make a difference, in the new media landscape that is emerging in this region.
After moving to Singapore in mid-2013, he has been Mint, India’s best business daily and a Wall Street Journal partnered publication. Joji enhanced his business journalism skills during a seven-year stint ending June 2013 with The Economic Times, where he reported on communications and telecoms, and was a senior-assistant editor, as well as the newspaper’s youngest vertical head.
Before The Economic Times, Joji covered telecoms and defence for Business Standard and he began his career as a city reporter with The New Indian Express in India.
When he is not working, or even when working, he enjoys tracking a wide range of sports, especially European soccer across different leagues, and is among the legion of long suffering Liverpool fans.
A passionate motorcyclist, but Singapore’s rules has forced Joji to spend most of his time at DEALSTREETASIA’s office, often dreaming of his past rides to Tibet, the Himalayas and Bhutan.
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.
Warburg led a $64-million round for local SaaS firm Trax last year.
“The whole thesis for PE has changed. It used to be that private equity is cheaper than public markets, therefore, there is an arbitrage opportunity. This is no longer really the primary thesis anymore – it is no longer about access to capital, and it is more about having to be patient, and having the ability to hold out for a long period of time,” Tsai said.
The vehicle will focus on investments in three verticals – women’s health, newborn health and life sciences tools.
C2 Partners has commitments for about US$70 million and is looking to make the final close by next year-end, Heng Tech-Yong, the firm’s co-founder and managing partner, said.
The venture capital firm is set to hit the first close of its second vehicle within the next two months.
Arora said the Asian market is suited to foster the adoption of certain technologies and services due to its ability to provide a critical mass of users very quickly and this thesis led to Allianz recently acquiring a stake in Indonesian ride-hailing major Go-Jek.
The joint fund will replace GEC’s own tech and innovation fund II, for which it had been seeking up to S$100 million. GEC will migrate the investments it has made from its technology and innovation fund-II to the Co-GP vehicle.