Private Equity
The BlackRock-Temasek JV fund had set a target of $1 billion.
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
Alphabet, Microsoft earnings show hefty AI bets are driving growth
MatchLog Solutions snags $1.5m funding and India deals worth $113m
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Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Singapore’s Keppel set to raise over $2.7b across three funds this year
Schroders Capital’s $12.3b renewables arm to make next move in Asia
After blistering growth, Indonesia’s data centre firms shift focus to stability, margins
Vietnam-based Masan’s FMCG unit weighs IPO among fundraising options
Venture Capital
ShopBack is launching a mobile app and website tailored for New Zealand.
The three funds are dedicated to private credit, social infrastructure, and data centres.
Deals
In 2022, BillEase banked a $20m debt facility from Singapore debt investment firm Helicap Securities.
Vietnam-based edtech startup Prep has closed a Series A round.
Analysis
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
People
Once hailed as a rising star from SE Asia, the startup had raised over $310m from marquee names.
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
“For us, impact is intricately linked with the financial performance of the business.”
Dhawan will continue to be Citi’s head of emerging corporates for Asia.