Analysis
The exercise is part of a move to streamline operations and address losses.
1
Indonesian crypto bourse Pintu lays off around 20% of workforce
2
PH fintech First Circle secures $5m sustainable facility from Cathay United Bank
3
SMBC Indonesia to sell $1.1b pension loan portfolio to BTN in major asset transfer
4
India: Biotech startup StrainX Bioworks raises funding led by Prime Venture, Leo Capital
5
Japan Post Bank’s PE portfolio delivers record gains as exits recover
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Deals
First Circle said the facility would strengthen its funding base.
SMBC Indonesia is realigning its strategy around its pension business.
The startup has a team of more than 100 scientists, engineers, and operators, including 15 PhDs.
Private Equity
The bank’s PE programme grew to $53.5b.
Rest of Asia
The transaction will give Jardines full ownership of I-MED and includes the company’s minority stake in Harrison.ai.
Vietnam
The sale process for Elise Fashion is understood to be in advanced stages.
Greater China
GPs and LPs painted a picture of a market in recovery–but one defined by selectivity
Investors cite small software exposure and stronger collateral-based lending in Asia.
India
“India will remain a market characterised by a mix of minority and buyout investments.”