Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
Hamilton Lane, a private equity firm, has filed for a second impact fund with a target of $400 million.
The second vehicle would be much larger than the first, which cost $95 million to build.
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Hamilton Lane has filed for a second impact fund with a target of $400 million.
With a no-late-fee BNPL option, PayPal Australia takes on Afterpay.
Robo-advisor in Singapore Syfe closes a $30 million deal. Valar Ventures led the Series B financing.
Texas Permanent invests a total of $110 million in Warburg. China’s nascent trend of continuation funds, led by Pincus and Orchid Asia, is expected to grow as “exit remains king.”
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[Updated] Nium, a Singapore startup, has raised $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
In a $200 million transaction, Carsome and Catcha Group will team together to buy iCar Asia.
Next Gen obtains $20 million in funding from Temasek, GGV Capital, and others.
After attracting VC funding, Southeast Asia’s direct-to-consumer (DTC) firms are focusing on lowering customer acquisition expenses.
PAYFAZZ, an Indonesian fintech firm, has received an e-money license.
PayPal Australia competes with Afterpay by offering a no-late-fee BNPL product.
In Australia, the company’s interest-free BNPL option was announced last month.
Deals from Singapore’s robo-advisor Valar Ventures led a $30 million Series B financing for Syfe.
According to a regulatory filing, Valar Ventures is investing about $22.5 million in this round.
Texas Permanent invests a total of $110 million in Warburg Pincus and Orchid Asia funds.
Warburg Pincus Asia Real Estate and Orchid Asia VIII have made commitments.
Analysis
As long as ‘exit remains king,’ China’s nascent trend of continuation funds is expected to grow.
Continuation funds give investors the option of selling or rolling their investments into a new vehicle.
Carsome’s acquisition of iCar Asia is only the tip of the automotive iceberg in Southeast Asia.
The Carsome-iCar Asia agreement is considered as a merger of two Southeast Asian companies with a long-term growth strategy.
Deals
GLP J-REIT raises $250 million in its first rapid global offering.
The funds would be utilized to purchase four logistics assets in Tokyo and the Greater Osaka area.
VC (Venture Capital) is a
Chinese venture capitalists New funds are being raised by Sky9 Capital and INCE Capital.
INCE Capital raised about 2 billion yuan (approximately $352 million) for Fund I in 2019.
Deals backed by KKR GenesisCare has agreed to sell eight of its clinics in Australia to HealthCo.
In 2018, KKR re-invested in the healthcare provider.
Markets & Initial Public Offerings
Temasek’s portfolio value could be boosted this year by IPO-bound Indian assets.
Zomato, Ola, Pine Labs, and API Holdings, all part of Temasek’s portfolio, are rumored to be ready to go public./n
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