Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- **LP-Focused Asia PE-VC Summit:** The upcoming Asia PE-VC Summit in 2024 will feature over 35 limited partner (LP) speakers and more than 500 LP attendees from various key markets such as Greater China, the Middle East, North Asia, Europe, and North America.
- **Discounted Event Tickets:** You can save 43% on your ticket to the Asia PE-VC Summit by booking now.
- **Fund Updates:** Kedaara Capital closes its fourth fund at $1.73 billion, and Investcorp launches a $1 billion fund backed by China’s sovereign wealth fund CIC.
- **Impact Investing Shift:** LPs and fund allocators are increasingly focusing on impact management and outcome measurement, signaling a change in investment strategies.
- **Regional Expansion:** Schroders Greencoat looks to expand in Asia, while Next Billion Capital Partners closes the first round of its new $250 million fund for digital investments in Southeast Asia.
- **Mergers and Launches:** Shanghai State-Owned Capital Investment merges with Shanghai S&T Venture Capital, and Shanghai Sci-Tech Innovation Center Capital plans to launch a 10-billion-yuan ($1.4 billion) secondary fund.
- **Industry Moves:** Peak XV Partners’ managing director departs to launch a new investment fund, and 10 VC firms set up new offices in Malaysia.
- **Challenges for Fund Raising:** First-time funds in India face difficulties as LPs reduce funding, with only $15 million raised during Q1 of the year.
- **Healthcare Sector Growth:** India sees significant growth in its healthcare sector, attracting investments such as Temasek’s $2 billion in Manipal Hospitals.
- **Financial Outlook:** Private funding for Southeast Asia-based startups drops to the lowest level in over five years, while logistics startup LetsTransport raises $22 million in a Series E funding round.
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