Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- CBC Group’s Healthcare Infrastructure Platform Raises $875 Million: Asian investment firm CBC Group’s healthcare infrastructure platform, CBC HIP, has raised a total of $875 million in commitments for its first life science real assets venture.
- Ares Management Expands its Presence in Asia: US-based firm Ares Management has been building its capabilities in the Asia Pacific region to capture investment opportunities. Read an in-depth interview with Edwin Wong, Head of Ares Asia.
- Orion Capital Asia to Close $400 Million Private Credit Fund: Singapore’s Orion Capital Asia plans to close its third private credit fund in the next 12 months, taking advantage of favorable macro conditions and rising interest from limited partners in Asia’s private credit sector.
- Japanese Buyout Firm NSSK Secures $665 Million in Commitments: Nippon Sangyo Suishin Kiko (NSSK), a Japanese buyout firm, has raised a total of 100 billion yen (about $665 million) for its third investment vehicle, NSSK III.
- OrbiMed Raises Over $4.3 Billion for Healthcare Funds: US-based life sciences investment firm OrbiMed has raised more than $4.3 billion in commitments for its latest private investment funds, including its fifth Asia-focused healthcare vehicle, OrbiMed Asia Partners V.
- Experts Remain Optimistic Despite Downturn: Ruud Smets, partner and chief investment officer at alternative investment specialist Theta Capital Management, believes the current downturn is a natural development in the investment cycle. He advises long-term planning.
- Queensland Investment Corporation Seeks Capital Connections in Asia Pacific: Queensland government-owned investment company Queensland Investment Corporation aims to forge capital connections and engagements with investors and partners in the Asia Pacific region.
- Schroders and Kasikornbank Launch China Private Equity Fund: Schroders Capital and Kasikornbank’s private banking business have launched a secondaries-focused China private equity fund to attract capital from private wealth investors in Thailand.
- Fubon Life Insurance Commits $70 Million to ICG: Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has committed to investing $70 million in the latest strategic equity vehicle of alternative asset manager ICG.
- Bain Capital Forms Joint Venture with DNE Group: Bain Capital and Chinese industrial real estate developer DNE Group have formed a joint venture with a $250 million equity commitment, targeting investment opportunities in manufacturing park assets in China.
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