Company-level consolidation, stake selling, and NAV financing are becoming more common, says Pictet’s Arrigo.
Axiata Group exits Nepal operations with Ncell Axiata stake sale
Canada's Brookfield raises record $28b for infrastructure fund
India Digest: Garuda Aerospace expedites IPO plans; StrideOne lifts stake in MoEVing; Anicut Capital backs TAO Digital
Tencent co-leads China's SanegeneBio's extended Series A round
HK’s T12M Ventures nets 8% stake in digital marketing firm Jervois Group
Wellington Management emerges as an outlier amid late-stage funding crunch
Valuations between seed and Series A/B stages have compressed: Picus Capital’s Florian Reichert
Vietnam’s FEBE Ventures launches $75m second fund
Keppel to buy European real estate fund manager Aermont Capital for $1b
LeapFrog secures commitments from Temasek, EIB for $500m Asia-Africa climate strategy
90% of fund managers have not made any changes to their ESG policies, according to a MoFo survey.
2024 will be a mixed bag, things will start looking up from 2025, says Looi.
Rest of Asia
The infrastructure portfolio was the group’s fastest-growing asset class between 2018 and 2022.
It is looking at portfolio construction through investments across strategies, sectors, and geographies.
PE-VC firms encashed $17b from 203 exit deals in the Jan-Sep period this year.
First-time fund managers mopped up $963m in Jan-Sep this year, a 3x jump over the year-ago period.
So far, the firm has allocated $80 million into crypto VCs this year.
The firm is looking to ramp up investments across both VC funds and startups.
The lending arm of the EU will focus solely on LP-style commitments in this region.