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Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 17 Sep 2023

By September 17, 2023 No Comments

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Dealmaking in Southeast Asia dropped by 72% in August, reaching a low of $486 million. Big-ticket deals were scarce during the month, contributing to the decline.
  2. PE-VC funds in India have raised $5.93 billion as of August
  3. Limited partners continue to show confidence in the Indian startup ecosystem.
  4. Real estate private equity firm Gaw Capital Partners plans to deploy $2-3 billion in the private credit sector over the next two years.
  5. BlackRock and the Singapore Exchange (SGX) have launched a climate action fund in Singapore, managing $426 million in assets.
  6. Hong Kong-based Silverhorn expects to hit the first close of its $300-million Asia Venture+ Program at $100-150 million by the year-end.
  7. C Capital, backed by Hong Kong’s real estate tycoon Adrian Cheng, has closed its largest private equity fund to date, with total investments over $250 million.
  8. Taiwanese insurers Cathay Life Insurance and Fubon Life Insurance have committed $160 million in new capital to four private funds.
  9. Chinese alternative asset manager CDH Investments has maintained an exit strategy geared to yield consistent returns in SE Asia.
  10. Indian private equity firm Xponentia Capital Partners has raised over Rs 1,000 crore ($120 million) for its second fund, focusing on mid-market investments across India.
  11. Vertex Ventures has closed its fifth Southeast Asia & India fund at $541 million, exceeding its target size amid a challenging fundraising environment.

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