Private Equity
Malaysia’s private equity and venture capital funding up 26.75% to $3.52B in 2021
Malaysia's total committed funds for private equity and venture capital rose 26.75 percent to MYR14.83 billion ($3.52 billion) in 2021 from MYR11.7 billion ($2.78 billion) in 2020, according to Securities Commission Malaysia's (SC) 2021 annual report revealed on Monday.Total committed funds under management for private equity increased to MYR9.65 billion…
Australia’s New Forests announces first close of SE Asia-focused fund at $120M
New Forests announced Thursday the first close of its Tropical Asia Forest Fund 2 (TAFF2) with $120 million of capital commitments. Investors in the first close include Asian Development Bank (ADB), the Australian Government, David and Lucile Packard Foundation, Sumitomo Mitsui Trust Bank (SuMi TRUST), Temasek and TotalEnergies. New Forests will continue to…
Hong Kong’s ITCS Group secures investment from Singapore’s Dymon Asia Private Equity to accelerate growth globally
ITCS Group has secured a strategic growth investment from Dymon Asia Private Equity (DAPE). Partnering with DAPE will enable ITCS to rapidly accelerate its growth to scale up the tech industry in Asia-Pacific over the next two to three years.
Singapore’s online classifieds platform Carousell in $1.5B SPAC deal talks with L Catterton – report
A transaction could value the combined entity at as much as $1.5 billion.
Singapore’s Azalea closes Altrium Private Equity Fund II at $805M
Azalea Investment Management Pte. Ltd (Azalea) announced the successful closing of the second fund of its flagship private equity (PE) fund of funds product, Altrium Private Equity Fund II (Altrium II) at $805 million. Altrium II capital commitments were from a diverse group of limited partners including pensions, foundations, insurers, family offices and…
Singapore’s Novo Tellus gets nod for SPAC listing on SGX – report
Novo Tellus could be among the first wave of sponsors looking to list SPACs in Singapore after the regulators introduced a framework in September last year, according to Bloomberg.
Malaysian securities regulator revises SPAC framework
The revised SPAC framework will take effect on Jan 1, 2022.
Malaysia-based SPAC Kairous Acquisition starts trading on NASDAQ
The company said the timing is just right as it believes that Southeast Asia is on the verge of producing many more great tech companies in years to come.
Vietnam retail platform The Crown X raises $350M led by Temasek, TPG and ADIA
Vietnam conglomerate Masan Group Corporation announced Monday the signing of a $350 million primary investment in its retail unit The CrownX Corporation by a consortium of investors, including TPG, Platinum Orchid, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), and SeaTown Master Fund, managed by a wholly owned indirect subsidiary of…
Navis Capital Partners sells its entire stake in Hong Kong tech business services provider QIMA
Navis Capital Partners (Navis) announced the sale of its entire interest in Pinnacle Inspection Ltd (QIMA). Caisse de dépôt et placement du Québec (CDPQ) , is the new equity investor for QIMA alongside the founder, Sebastien Breteau, and his senior management team.
