India
The fund is expected to reach its final close by Q3 2026.
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The fund will focus on backing early-stage companies and MSMEs.
ICICI Pru is also awaiting the nod to buy ICICI Ventures as part of its PE expansion.
Rest of Asia
The bank is due to list on the Tokyo Stock Exchange on Dec. 17.
The fund will invest in performing and cash-flowing Indian companies.
Daiwa Securities will nominate a director to Ambit Wealth’s board.
Indonesia
The sovereign fund raised $3b through a sale of “Patriot” bonds in Oct.
The fund will pursue both buyouts and strategic growth equity.
The bank targets 200 billion yen in annual net gains.
Philippines
BillEase joins a growing roster of digital-centric fintech players that have bought smaller banks.
