Data & Intelligence

Southeast Asia Data Insights (Mid-Year 2020)

GPs secured USD1.1b for Southeast Asia-focused funds in 1H 2020, on par with the 2H 2019 fundraising total

Southeast Asia-dedicated GPs raised USD1.1b across 18 funds in 1H 2020, continuing fundraising momentum from 2019. Multiple established private equity fund managers successfully reached closes for follow-on funds, including Navegar’s USD150m final close for its second Philippines-focused growth fund and Northstar Group’s USD260m first close for its fifth Southeast Asia fund. Following a year with multiple large VC fund closes, capital raised for VC strategies fell to USD445m in 1H 2020, a 39% decline year over year. However, several first-time fund managers secured capital for debut funds in 1H 2020: ATM Capital raised USD100m for its early-stage fund, and seed-stage Elev8.vc Fund I held a USD15m final close. Indies Capital Partners also announced a USD100m interim close on the region’s first private credit fund raised since 2018.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

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David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

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Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

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Torbjorn Caesar | Senior Partner, Actis

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Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company