Private equity deals, stake sale plans and new funds dominated the top headlines in March.
Southeast Asia’s private healthcare sector has seen robust dealmaking in recent months, driven by private equity-led transactions and supported by sectoral tailwinds. In March, our reportage tracked several exclusives on potential healthcare deals across Indonesia and Vietnam.
Among the month’s most-read analytical pieces from SE Asia, we examined how venture capital funds in the region have been exploring plans to exit their stakes in startup portfolios and move them into a new fund to extend holdings, as the region grapples with liquidity constraints and poor market sentiment.
From Greater China, the University of Hong Kong (HKU) and Gobi Partners’s joint debut fund and China’s Source Code Capital managing partner Samuel Huang-led venture capital platform SCV’s maiden US dollar fund topped headlines, signalling continued investor interest in technology and innovation breakthroughs.
Homegrown private equity player True North’s latest credit fund launch and New York-based private markets investor Siguler Guff’s exit momentum in India featured among the top stories from the country.
In case you missed these, here are the top stories that our readers and subscribers loved in March 2026:
Southeast Asia
Ex-KKR executive bets big on Indonesia’s mid-market with up to $150m fund
Jaka Prasetya is raising a $100-150 million mid-market PE fund under Leafgreen Capital, marking his return to Indonesia’s dealmaking scene with a consumer-focused strategy.
Liquidity woes push SE Asia’s major VCs toward continuation funds
Many first-generation VC funds in the region have yet to fully return capital from their vehicles after over a decade, an issue that most investors attribute to the lack of depth in the local stock markets.
CVC sends early feelers to potential buyers to gauge interest for Siloam stake
Should any stake be transferred to a new buyer in the next 24 months, it will give an early exit to the sponsor, which completed the purchase via a consortium in 2024.
CVC’s Asia fund to bring home $115m carry after slew of exits
The delivery, which could happen as soon as this year, would be the first time Asia V is contributing to the group’s performance-related earnings.
KKR seeks $600m financing for $1.3b acquisition of XCL
The development came after the group agreed to purchase the majority stakes in the Southeast Asia K-12 school group from TPG in a $1.3 billion deal last month.
KV Asia eyes stake in Indonesian cardiac care chain
Indonesia’s healthcare dealmaking is underpinned by strong structural demand, a limited supply of high-quality specialist facilities, and a highly fragmented provider landscape.
Malaysia healthcare IPOs set to rain cash for SE Asia private equity
The outcome of new IPOs will ultimately depend on investor appetite, public market liquidity, pricing and macroeconomic conditions following the escalating conflict in the Middle East.
Investor recovery plan shapes up as Deloitte takes over eFishery restructuring
The transition comes as the company advances a structured payout framework under a Principal Settlement and Assignment Agreement (PSAA) executed on 11 November 2025 by more than 30 institutional and sovereign investors.
SE Asian wealth fund said to have joined talks for DALI stake
DALI, a subsidiary of Switzerland-based DALI Hard Discount, launched its hard discounting model in the Philippines in February 2020, a new format in the region’s retail landscape.
CVC mulls stake sale in Vietnam hospital operator
For CVC, the possible transaction could give an exit from its four-year-old portfolio company. A deal would mark CVC’s second exit following the divestment of its shares in Asia Commercial Bank in 2024.
India
Siguler Guff sees DPI momentum building as India assets near exit
The New York-based private markets investor’s India programme has nearly $1 billion deployed across 22 companies and eight successful exits.
India’s True North to launch second credit fund, eyes 50% higher corpus
Private credit funds are increasingly stepping in to fill the gap left by mainstream banks, helping mid-sized businesses and startups get financing.
Greater China
HKU, Gobi debut $30.6m joint fund, as top varsity builds its FOF ecosystem
The Gobi-HKU Fund I is targeting a total fund size of $30.6 million to invest in technology startups derived from HKU’s research advances.
Source Code’s Samuel Huang-led SCV raises $150m debut USD fund
The fund will deploy capital into AI infrastructure & applications, robotics & hardware, and global expansion of China tech.
