Venture Capital
The fund plans to close 3-4 new deals in the first half of 2024.
Shinhan Venture Investment secures first close of Japan-focused fund
Former IFC exec's new VC Synapses bets on Indian STEM startups in climate, healthtech
Tech, healthcare IPO aspirants to overturn HK’s subdued stock market
IFC weighs $40m investment in Chinese consumer finance firm BON BNPP
Chinese firms' fundraisings in limbo as IPOs scrutinised at home and abroad
More Stories
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
HSBC lays off at least a dozen Asia dealmakers amid weaker activities
Indonesian logistics firm Waresix’s revenue tripled but losses surged 2.6x in 2022
DEG commits to invest $15m in Wavemaker’s fifth SE Asia fund
Deals
The acquisition of a 15% stake in BSI from BRI is one of the options for ADIB.
Japan Post Bank has committed $65m to the fund.
People
The planned job cuts affect about 13% of the 400 bankers in the region.
The round was backed by SK Networks, KT Corp, Korea Development Bank, Shinhan Venture Investment, and SBVA.
Private Equity
Kioxia was acquired by a Bain-led group in a $18b carve-out in 2018.
Indonesian earned wage access startup wagely witnessed a slew of secondary transactions last week.
Analysis
The proposal will be voted on at the banks AGMs in June.
A quick recap of all that happened in the PE-VC world in the week gone by.
Capital raisings of more than A$1b have been rare in Australia and across most of Asia.