Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Hamilton Lane’s Record-Breaking Secondary Fund Raise: Hamilton Lane raised $5.6 billion for its latest secondary fund, surpassing its initial target with support from new and existing investors.
- General Catalyst Acquires Venture Highway: US venture capital firm General Catalyst acquired Indian peer Venture Highway, solidifying its presence in the early-stage tech investment landscape.
- Chinese Wealthy Families Turn to Hong Kong: Wealthy families in China are opting for Hong Kong as a wealth management hub amid regulatory challenges in Singapore following a high-profile money laundering case.
- Shift in Asia Pacific Family Office Strategies: Family offices in the Asia Pacific region are increasing allocations to private equity, drawn by diverse investment opportunities and industry maturation.
- Decheng Capital’s Fundraising Plans: Healthcare and life-science investment firm Decheng Capital aims to raise $700 million for its fifth fund, potentially its largest vehicle to date.
- WSIB’s Climate-Focused Impact Fund Investment: Washington State Investment Board committed $400 million to TPG Rise Climate II, a fund focusing on climate solutions and carbon reduction through buyout and growth investments.
- Maybank Asset Management’s New Fund Launch: Kuala Lumpur-based Maybank Asset Management rolled out the MAMG Premium Brands Fund in collaboration with Swiss investment firm Pictet Asset Management.
- Lok Capital Announces Fund Close: New energy asset management platform Lok Capital secured the first close of its inaugural fund, targeting a total of 2 billion yuan in raised funds.
- Arrowpoint Investment Partners’ Backing: Asia’s largest hedge fund launch, Arrowpoint Investment Partners, received investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings.
- Partners Group Expands to Hong Kong: Global private investment firm Partners Group established an office in Hong Kong to enhance its private wealth client base in Greater China.
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