People
Foo co-founded Foundation Private Equity, where he spent nearly a decade.
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People Digest: Invictus, Unicorn India Ventures announce key appointments
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TPG-backed One Aged Care acquires Active Global
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SG-based industrial AI startup Ailytics raises $7.4m led by Tin Men Capital
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Affirma Capital explores exit from Indonesian charter aviation operator
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Total portfolio approach offers new lens on Asian wealth management: Marsh
More Stories
Editor’s Take: The Week That Was—Oct 19-24
SoftBank discussing $50b AI, data centre investment in Malaysia
Hillhouse offers to take Japanese IT firm Circlace private
Bukalapak posts positive Q3 adjusted EBITDA; 9M loss reaches $48m
Deals
The development confirms DealStreetAsia’s news break in July.
The round also saw participation from SEEDS, which is part of SG Growth Capital.
The Singapore-based PE firm invested in the Indonesian aviation operator in 2015.
Private Wealth
Investors need a proper understanding of the underlying exposures created by their allocations at the total portfolio level.
Indonesia
Revenue was stable at around $88.4m in the quarter.
Greater China
PAA has placed a growing emphasis on deep tech in its investment strategy.
India
The firm is in talks to invest in ASTRM Intelligence Labs.
Malaysia
Prime Minister Anwar Ibrahim said he discussed the plan with Masayoshi Son.
World
The funding highlights the enormous capital requirement of the AI boom.
