Private Equity

Private equity-backed transactions in Southeast Asia fell to one of their weakest levels in two years in the third quarter of 2026, with deal value dropping 56 percent quarter-on-quarter to $410 million across five deals, from $935.5 million across ten deals in the previous quarter, EY said on Friday. 

TPG has closed its debut Asia lower-middle-market growth fund with $1.3 billion, exceeding the target for the new regional strategy.

Proofpoint has agreed to acquire Varonis Systems for about $6.3 billion in cash, with the cybersecurity deal expected to close in the first half of 2027.

Funding of technology startups in Southeast Asia rose 176 percent to $13.5 billion in the first nine months of 2026, thanks to three mega deals, according to a report from data firm Tracxn.

PSA International (PSA), a global port operator, and Granite Asia, a $11 billion private capital platform, announced Wednesday the launch of the $50 million G&P Strategic Innovation Fund.

Thailand-focused private equity firm Lakeshore Capital has closed its third flagship fund at a $305 million hard cap for growth and buyout investments across Thailand and the Greater Mekong region.

Granite Asia is focusing its private-credit strategy on mid-sized Asian companies after raising more than $500 million for Libra Hybrid.

Australia's IFM Investors, a pension-owned asset manager with A$291.6 billion ($204.8 billion) under management, has opened an office in Singapore to expand its private-credit and private-markets business in Asia.

Singapore-based financial services firm Aura Group has launched the Aura PE Evergreen Income Fund, an evergreen private markets strategy designed to address the liquidity, income and capital call challenges that have historically restricted private equity allocation in advised portfolios.

Nexedge Capital, an Indian wealth-management and multi-family office firm, has raised $20 million in its first funding round, co-led by Mirae Asset Venture Investment and Elev8 Venture Partners.