Private equity fundraising and 2026 outlook pieces were among the most-read headlines in January.
Fundraising milestones of mid-market infrastructure manager Seraya Partners, Affirma Capital’s climate transition fund and circular economy investor Circulate Capital were the top stories from Southeast Asia in January.
Other significant scoops from us during the month were potential transactions at Indonesia medical devices maker Oneject, fintech startup JULO and Philippine discount retailer DALI.
From our Greater China desk, we examined the year-end rush of megadeals, especially in the deep tech sector. From India, we looked at the trends that shaped deal activity in the country’s healthcare sector.
Here are some of the deeply reported top stories that our readers and subscribers loved in January 2026:
Southeast Asia
Seraya Partners nears first close for $1.5b Fund II
The mid-market infrastructure manager closed its first fund last year at $800 million, including co-investments, surpassing its target of $750 million.
Indonesian medical devices maker Oneject draws investor interest for minority stake
Oneject’s shareholder base includes its founding shareholders and Marubeni Growth Capital Asia, the growth investment arm of Marubeni Corporation.
Indonesian fintech JULO’s investors eye secondary exits amid funding crunch
JULO has raised $52.9 million in equity to date from investors including Quona Capital, Skystar Capital, Gobi Partners, and Credit Saison.
PE majors said to invest in PH discount retailer DALI’s biggest round
DALI is backed by ADB, IFC, Creador, DEG, Navegar, Pavilion Capital, and Venturi Partners.
Affirma Capital makes first close of climate transition fund
The vehicle is focused on mid-market PE deals covering the renewable energy, circular economy, waste and water management.
Only two foreign investors remain on Vietnam-based The CrownX’s cap table
Alibaba and Korea’s SK Group are the only remaining overseas shareholders in The CrownX, which earlier counted TPG, ADIA, SeaTown and Credit Suisse among its backers.
Indonesian SaaS startup Opaper’s acquisition opens exit path for global investors
The deal marked one of the rare exits in Indonesia’s restaurant software and SaaS segment amid a prolonged slowdown in venture fundraising and M&A activity.
Indonesia’s digital banks look beyond deposits for next phase of growth
While deposits helped digital banks scale and build brand awareness, they are now proving to be costly and unsustainable amid fierce competition and price wars.
SG’s Circulate Capital raises $186m so far for latest PE fund
Circulate Capital seeks to raise a total of $325 million for the vehicle launched in December. The fund targets growth equity investments across the recycling supply chain in Asia.
How Singapore’s markets are primed for 2026
It remains to be seen how the Singapore capital markets and overall private investment activity continue to shape up in the coming year.
Greater China
Asia’s secondary deals make progress after funds sell to themselves
Across China and India, recent continuation vehicles have not only delivered distributions and driven primary fundraises but have been followed by rapid liquidity events.
China startups wrap up 2025 with rush of megadeals, deeptech remains key theme
At least seven deeptech megadeals—each raising a minimum of $100 million—were sealed across artificial intelligence, electric vehicles, semiconductors, and medtech.
India
Temasek, True North in talks with Warburg, others to exit Indian healthcare firm
The PE firms collectively own 99.74% stake in the healthcare company, with True North reportedly holding a 55.83% stake and Temasek accounting for 43.91%.
Top deals & trends that shaped India’s healthcare ecosystem in 2025
2025 reinforced that investors are increasingly becoming selective, favouring companies with proven business models.
