Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Startup fundraising in Southeast Asia dipped in July to $504 million, down 17% from June, lacking large-ticket deals.
- Greater China saw a surge in investor transactions, closing 184 deals worth almost $2.9 billion, a 17.2% increase compared to June.
- EQT is raising $12.5 billion for its new Asia-focused fund and acquiring PropertyGuru in a $1.1 billion take-private deal.
- Carlyle seeks an extension for its Asia fund, targeting $6 billion after raising $3 billion so far.
- Redbird Innovation Fund aims to back three general partners in its $64 million initiative.
- JIA Asset Management eyeing expansion after investing in Vynn Capital Mobility and Supply Chain Fund.
- Janus Henderson acquires private credit manager Victory Park Capital to expand its private credit lending footprint.
- Antler closes its second Southeast Asia fund at $72 million to support 10 local startups.
- XL Axiata and Smartfren Telecom progress in their $3.45 billion merger talks by appointing underwriters.
- Syfe raises $27 million from new and existing venture capital investors for its robo advisor platform.
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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.
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