Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

Singapore’s Centurion to raise $22m more for global student accommodation fund

The Centurion Student Accommodation Fund is the company’s second such vehicle, which targets purpose-built student accommodation investments across the world, excluding the US.

Thai Digest: Panya Studios, GoWabi snag funding

Thai startups – live trivia game show app Panya Studios and beauty services booking platform GoWabi – have raised funds.

MIDF, Al Rajhi secure Bank Negara Malaysia approval to initiate merger talks

The merger talks must be completed in three months from the date of the letter issued by Malaysia’s central bank.

China Renaissance K2 Ventures breaks ties with spin-off outfit Next Capital

K2VC has declared that it will cease all collaborations with Next Capital and will withdraw its status as LP on grounds of IP theft.

TPG partners CICC Capital to set up China Synergy investment platform

The flagship platform is set up with a USD/RMB dual-currency structure.

HK-based PE firm PAG launches new Asia-focused hedge fund platform

The hedge fund platform will start trading in the second quarter of 2019.

Malaysia’s RHL Ventures makes follow-on investment in HealthMetrics

RHL Ventures had earlier participated in the Malaysian startup’s $1-million seed round, along with Spiral Ventures and Cradle Seed Ventures, in May 2018.

Patrizia to expand Asia footprint with acquisition of Japan’s Kenzo Capital

Kenzo is a platform to carry out investment advisory services and asset management in Japanese real estate.

Ascott REIT divests Raffles Place Singapore asset for $260m

The sale is in line with Ascott REIT’s strategy to regularly evaluate and rejuvenate its portfolio.

People Digest: EQT promotes Chang to partner; Allianz, J. Safra Sarasin, Deloitte appoint top execs

Swedish PE firm EQT has promoted Singapore-based Brian Chang to partner, effective January 1, 2019.