Analysis
There are concerns that interest rates will remain higher for longer.
Venture Capital
Part of the fund will be allocated to increase stake in portfolio companies.
IPOs & Markets
The Indian digital payments firm is looking to raise up to $84m this month.
1
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Swiggy's IPO 12% subscribed after Day 1 of bidding
3
Deeptech robotics startup CynLr raises $10m and other India deals
4
Inflexor Ventures hits first close of Opportunities Fund, raises 80% of target
5
Korea Zinc's $1.8b share sale plan stalled by regulator's revision order
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Rest of Asia
KKR has secured over a third of the shares of Fuji Soft.
The acquisition will support Kyoden growth plans and global expansion.
Indonesia
The PE firm currently holds an 18.13% stake in the company, which it acquired in July 2022 for $20.41m
Vietnam
Last year, ABB had exited pharmacy retail chain Trung Son.
Greater China
Offshore China-focused hedge funds have been struggling to raise funds since 2021.
Singapore
This transaction marks CVC DIF's inaugural investment in Asia.
The investment will see CLA acquire similar companies in SE Asia.
India
The energy storage sector recorded a total of $307.6m through the completion of 38 deals in Q3 this year.
World
Tribe Capital also has a dedicated India vehicle.
MGF–Kavachh, Speciale Invest and Mela Ventures invested.
Southeast Asia
Dash was founded by GoTo and DHL alumni Aditya Brahmana and Robert Muliant in Nov 2023.
Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau raised $12.69 billion in Q3.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Retail chain DALI Stores received $10 million from ADB last week.
Campana Group issued shares worth $16.6 million last week to existing shareholders.
Marketnode received capital from Euroclear last week.
Waste management firm Ideation3x has issued fresh shares to Unison Capital and others.
The world's biggest cryptocurrency rose 7% to $75,060, topping March's peak.
The e-Conomy SEA 2024 report by Google, Temasek, and Bain focuses on profit metrics for the first time.
Validus as a group posted a 42% increase in revenue in 2023 to $14.74 million.
For 9M 2024, too, losses fell 33% to $110m.
It reported an adjusted operating profit of $16.7m, compared with a $4.8m loss a year ago.
The Ecommerce enabler restated its profit of $3.4m for 2022, to a loss of $16.2m.
The company will focus on Mitra Bukalapak, gaming, investment, and certain retail services.
Joy Yue Wang has quit Brookfield Oaktree after a two-year stint.
Chua Hsien Yang will replace Koh Wee Lih.
CPPIB's head of Asia private equity has left the organisation.
Philippines
