Private Equity
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.
Malaysia’s VentureTECH and Japan’s SBI Ventures launch $18M private equity fund to boost Malaysian growth-stage technology firms
The fund is designed to play a strategic role in supporting Malaysian firms in the high value-added and emerging industry market segments to scale up to their full potential and help attract additional investors to support the expansion of these companies during this economic recovery period.
Healthcare-focused PE firm Quadria Capital mulls SPAC listing in Singapore – report
Earlier reports showed Internet entrepreneur Patrick Grove, Singapore-based PE firm Novo Tellus Capital Partners, French alternative investment manager Tikehau Capital SCA are also targeting SPAC-listing on the Singapore exchange. Other interested parties include Turmeric Capital and Temasek’s Vertex Holdings Ltd.
SGX-backed ADDX tokenizes global private equity fund managed by Partners Group
The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.
Singapore payments firm Spenmo secures $34M Series A led by Insight Partners
Led by Insights Partners, Spenmo has clinched one of Singapore’s largest Series A funding rounds to date.
