Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- MDI Ventures Pauses New Investments: The corporate venture capital arm of Indonesian state-owned telecom firm Telkom has not made any new investments recently due to internal checks by the parent company.
- Asia PE-VC Summit Highlights: Key takeaways from the Asia PE-VC Summit include bullish sentiments on Asia from asset allocators, a shift in Middle East capital towards strategic investments, and the challenges and opportunities in the Southeast Asia venture capital landscape.
- Thailand’s 10 Bridge Capital’s Fundraising Success: Thailand-focused private equity fund, 10 Bridge Capital, closed its fourth fund with $195 million despite fundraising challenges for Southeast Asian fund managers.
- Temasek’s Climate Action Commitment: Singapore state investor Temasek is allocating around $77 million as concessional capital for climate action.
- World Bank’s IFC Hits Record Investments: Investments from World Bank’s private investment arm IFC grew 28% to reach a record $56 billion in the financial year ending June.
- Brookfield Asset Management’s Catalytic Transition Fund: Brookfield Asset Management raised $2.4 billion for the Catalytic Transition Fund, backed by the UAE, to scale up climate finance in emerging markets.
- Tribe Capital’s India Investment Vehicle: US-based Tribe Capital partners with Oister Global to launch a new fund focused on secondary transactions in India.
- Whatfix’s $125 Million Series E Funding: SaaS-based digital adoption solution provider Whatfix raised $125 million in Series E financing led by Warburg Pincus.
- Hyundai Motor India’s IPO Approval: Hyundai Motor India obtains approval for its IPO from the market regulator, signaling upcoming market developments.
- LYFE Capital’s Healthcare Investment Strategy: LYFE Capital’s founding partner James Zhao emphasizes global strengths as a top criterion for healthcare investments, reflecting the shifting landscape of the industry amidst market uncertainties.
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