Deals
The fund will focus on acquiring NPLs and single-asset distress situations in the region.
1
EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry
2
US lifts export restrictions on chip design software to China
3
LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals
4
AGL Energy buys South Australia's Virtual Power Plant from Tesla
5
IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India
More Stories
Peak XV’s second act: From record returns to a reinvention around AI
New Indonesia-focused climate fund launched with first A$50 million
Beam and Neuron to merge in bid to dominate APAC micromobility
Danantara, Saudi firm ink $10b pact for Indonesia’s green energy push
KKR buys Australian chicken farm operator ProTen from Aware Super
Venture Capital
Cradle said the programme has completed five successful cohorts.
The expansion ensures that Alibaba Cloud can meet rising global demand.
IPOs & Markets
MMC Port’s listing could raise more than $1.43 billion as early as the second half of this year.
Analysis
The tariff hike could boost electricity costs by 10-14% before surcharges.
The LP View
Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners are among the 12 GPs.
The fund has a mandate to invest in India, SE Asia, and South Korea.
These efforts come as Malaysia’s startup activity lags its peers.
The new venture capital tax incentive also includes a 10% tax rate for VCs and PEs.
Selected international funds are Granite Asia and AppWorks.
