Bee Alternatives Management Ltd., the equity holding entity of Kuala Lumpur-headquartered Bee Alternatives, is acquiring a 100% stake in venture capital firm JAFCO Investment (Asia Pacific) Ltd for an undisclosed amount, according to an announcement on Wednesday.
The acquisition not only marks Bee Alternatives’s foray into the VC space but also its transition from a pure-play secondary investor to a broader investment platform with both primary and secondary capabilities.
According to the official announcement, the acquisition will help in diversifying the platform and expanding its footprint in the Asia Pacific private equity landscape while unlocking new value-creation opportunities and enhancing its existing investment strategies.
Bee Alternatives Limited will continue to manage or advise funds focused on secondary investments globally.
The acquisition is scheduled to close within 2025, subject to regulatory approvals and other closing conditions.
JAFCO Asia invests in high-growth, technology-related companies in their early to growth stages.
Since its founding in the 1990s, JAFCO Asia has been a prominent player in the Asia Pacific region, with a focus on driving innovation and supporting entrepreneurs in the technology sector. Headquartered in Singapore, the firm also operates subsidiaries in Taiwan and China, providing robust regional coverage across Southeast Asia, Taiwan, China, and India.
