Asia tech is not a winner-takes-all market: KKR’s Louis Casey

Photo by Joshua Golde on Unsplash

KKR, one of the most active private equity investors in technology businesses, sees a long runway for growth in the sector in Southeast Asia. Its tech portfolio in the region includes ride-hailing and e-commerce behemoth GoTo, real estate listings platform PropertyGuru and digital and financial services firm Voyager Innovations.

As it extends its mandate to back earlier stage, high-growth technology companies, it zeroed in on Vietnam-based business management software provider KiotViet last month. Its investment in the firm was its first in Southeast Asia from its Asia Next Generation Technology (NGT) strategy.

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