Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- OpenAI Secures Massive Funding: OpenAI, the company behind ChatGPT, closed a $6.6 billion round, pushing its valuation to nearly $157 billion and securing a $4 billion credit line.
- Blackstone’s Asia PE Fund: Blackstone is raising a $10 billion Asia-focused private equity fund primarily targeting India.
- TPG Appoints Co-Head for Asia: TPG named Joel Thickins as co-head of its Asia business alongside Ganen Sarvananthan.
- Southeast Asia Market Growth: Brookfield Asset Management sees substantial capital inflows in Southeast Asia’s growing market.
- Azalea Investment Management’s Success: Singapore-based Azalea Investment Management closed two funds, surpassing their $200 million target each.
- Shift in Infrastructure Fund Investing: Investors in infrastructure funds are diversifying beyond global allocations due to rising energy consumption in Asia.
- Peak XV Partners Fund Reduction: Peak XV Partners reduced the size of its $2.85 billion fund by 16% due to soaring valuations in India’s market.
- InnoVen Capital’s Expansion: Asian venture debt investor InnoVen Capital seeks to raise $350 million for startup funds in Southeast Asia and India.
- Transformative Shift in SE Asia Investments: Southeast Asia’s private investment landscape is evolving with new fund managers emerging to tap into the region’s growth potential.
- Japan’s IFC Investment Proposal: International Finance Corporation (IFC) is considering investing up to $30 million in Japan-based GI Capital Management’s Asia Debt Opportunities Fund II.
APAC Private Markets Research
Explore latest Insights on APAC Private Markets on Smartkarma
Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
Also, check out the latest in ECM Research on Smartkarma
