Singapore
Returns are increasingly being driven by earnings growth rather than financial engineering.
1
Beijing blocks Meta's $2b acquisition of AI startup Manus after security review
2
India's MobiKwik gets RBI approval for NBFC licence
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General Atlantic-backed Indian insurer Acko seeks up to $2.5b valuation in IPO
4
Chinese battery maker CATL launches $5b Hong Kong share offering
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SEA Digest: Archipelago VC, Trihill Capital back new startups; Viva Apotek buys Farmaku
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Alpha JWC in the market to raise fifth fund; looks to sharpen global, late-stage focus
Greater China
The group has identified three AI areas to invest: AI infra, AI platforms, AI applications.
The firm invests across Asia, focusing on buyouts in Japan and Australia and growth equity in China and India.
In mid-market deals, fund managers have a more direct impact on enhancing value.
India
PMF II has a target size of $1 billion and succeeds NIIF’s $600-million PMF I.
The pattern is visible across all asset classes in which Northleaf invests, said APAC head Jeff Pentland.
The US-based firm has deployed across several large funds in Asia.
So far, the rally has attracted hedge fund managers and, more recently, long-only public managers.
“India, Japan driving majority of growth in HarbourVest’s APAC business,” says MD Kelvin Yap.
Nearly 71% of LPs are using Asia-focused funds to access SE Asia.
