Pimfha Chan

Asia–Pacific (APAC)

Private Equity Reporter at DealStreetAsia

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Articles

Mizuho Asia eyes stake sale in F&B group Sushi Tei to shareholders

1 week ago | dealstreetasia.com | Pimfha Chan

The Asia private equity unit of Mizuho Corporate Bank is looking to shed its stake in Sushi Tei Pte, one of Singapore’s oldest Japanese restaurant chains, DealStreetAsia has learnt. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
Asia's abundant wealth warms up to infrastructure funds

2 weeks ago | dealstreetasia.com | Pimfha Chan

Asia’s growing class of wealthy investors is looking beyond equities to once-exclusive infrastructure funds, betting they can serve as an alternative to volatile public markets, as semi-liquid structures become more accessible. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
Rich families set to cut share of PE exposure to lowest in five years: UBS

2 weeks ago | dealstreetasia.com | Pimfha Chan

Ultra-wealthy families are scaling back private equity investments to levels not seen in the last five years amid an industry-wide exit downturn and higher financing costs that have been exacerbated by the latest trade war tensions.
One of Indonesia’s biggest skincare chains seeks fresh funds

2 weeks ago | dealstreetasia.com | Pimfha Chan

PT Pesona Natasha Gemilang, which operates one of Indonesia’s largest dermatology clinic chains known commercially as Natasha Skin, is seeking fresh funding from external investors, according to sources familiar with the matter. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
SE Asia logs $680m in private equity exits before tariff chaos

3 weeks ago | dealstreetasia.com | Pimfha Chan

Private equity-backed investments in Southeast Asia generated $680 million in realised proceeds in the first quarter of 2025, before the Trump tariffs roiled global markets. The value of private equity exits across five deals in the region rose 126% year on year from $300 million in the first three months of 2024, according to EY’s latest report. This was mainly driven by Blackstone’s $556-million exit from its Avery Lodge worker housing portfolio in Singapore which was acquired by Bain Capital.
Singapore's $300m AI startup raises Series C funding led by Temasek

3 weeks ago | dealstreetasia.com | Pimfha Chan

Singapore’s enterprise software startup Whale has corralled a combined $60 million in its Series C1 and C2 rounds led by Temasek and Shanghai-based Linear Capital to help businesses drive sales with its artificial intelligence assistant. The company, founded by former Meta data scientist Jerry Ye, welcomed BOSCH Ventures, Singtel Innov8, MDI Ventures, MTR Lab, and Gentree Fund in its Series C2 round, according to a company statement.
TPG racks up $402m so far for Asia growth equity fund

1 month ago | dealstreetasia.com | Pimfha Chan

TPG has collected $402 million so far for its first-ever mid-cap private equity fund for Asia’s developed markets after its CEO Jon Winkelried announced in February that the fund had reached almost half of its fundraising goal in the first close. The 2025-vintage fund has deployed $52 million, show its first quarter earnings on Wednesday.
Granite Asia’s private credit fund secures $250m anchor commitments

1 month ago | dealstreetasia.com | Pimfha Chan

Singapore’s Granite Asia, formerly GGV Capital, has gathered $250 million in anchor commitments for its first-ever private credit strategy to chase deals in mid-sized companies in the Asia Pacific region. The 2025-vintage Libra Hybrid Capital Fund has received backing from top Asian sovereign wealth funds and contributions from Granite Asia’s general partners as well as founders and entrepreneurs within its network ahead of its launch, according to a company statement on Thursday (May 8).
SG biotech startup Nuevocor raises $45m to help heart failure patients

1 month ago | dealstreetasia.com | Pimfha Chan

Singapore-based biotech company Nuevocor has raised $45 million in a Series B funding round to advance the treatment for patients with cardiomyopathies, a form of heart disease that could lead to heart failure, according to a statement on Tuesday. The round was co-led by Eurazeo’s healthcare venture capital arm, Kurma Partners, and Rome-headquartered Angelini Ventures, which are getting board seats for their executives Amanda Gett-Chaperot and Elia Stupka, respectively.
Dymon Asia-backed SG's Amara hotel receives privatisation offer at $400m valuation

1 month ago | dealstreetasia.com | Pimfha Chan

The majority shareholder of Singapore-listed Amara Holdings—a consortium comprising its founding family and Dymon Asia Private Equity—received an offer on Monday (April 28) from a set of investors to privatise the hotels group at a valuation of around $400 million. The fresh attempt at privatisation comes after a delisting plan in November 2023 fell short.