Pimfha Chan

Asia–Pacific (APAC)

Private Equity Reporter at DealStreetAsia

Featured in: Favicon

nikkei.com Favicon

caixinglobal.com Favicon

dealstreetasia.com Favicon

asia.nikkei.com

Articles

TPG racks up $402m so far for Asia growth equity fund

1 week 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 week 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 week 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

2 weeks 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.
Private equity money rewrites the playbook at Asian schools

3 weeks ago | dealstreetasia.com | Pimfha Chan

Private equity firms are stepping up their bets on K-12 and international school operators across the Asia-Pacific region, driven by stable cash flows from the asset class and the influx of expat families. But as fund managers push for revenue growth to unlock outsized returns down the line, schools are often forced to make strategic shifts. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59.
Beyond The Buyout: Fund giants flag near-term deceleration

4 weeks ago | dealstreetasia.com | Pimfha Chan

This week, global mega fund leaders shared fresh concerns as the US trade war drums grow louder, putting deal pipelines and fundraising ambitions under pressure from mounting geopolitical crosswinds. As investors take a hard look at asset classes that can weather the storm better, infrastructure is emerging as a standout, especially in a nascent market like Asia Pacific.
Private equity merger signals watershed moment in Southeast Asia

1 month ago | dealstreetasia.com | Pimfha Chan

Southeast Asia’s oldest private equity firms may be edging towards consolidation, as pressure from a tough fundraising environment pushes local GPs to consider mergers with global investment platforms—potentially shrinking the pool of standalone fund managers in the region. 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.
Montana Capital buys private equity secondaries from Prudential Financial

1 month ago | dealstreetasia.com | Pimfha Chan

Montana Capital Partners, a Swiss private equity secondaries firm under PGIM Private Alternatives, has acquired a significant private equity portfolio from Prudential Financial Inc (PFI). The portfolio comprises mid-market buyout assets across various funds and co-investments and was acquired by Montana’s latest secondaries programme and select co-investors, according to a company announcement on Monday.
Australia's ROC Partners raising $300m for latest Asia fund

Nov 24, 2023 | asia.nikkei.com | Pimfha Chan |Dealstreet Asia

BANGKOK -- Sydney-based alternative investment manager ROC Partners is in the market to raise its sixth Asia Pacific-focused fund, which has a target of $300 million, according to the company's recent filing with the U.S. Securities and Exchange Commission (SEC). The vehicle, ROC Asia Pacific Private Equity Fund VI, has so far raised at least $66 million from three investors since its launch in late October, according to the filing.
TPG set to close $6bn Asia buyout fund in first half of 2024

Nov 8, 2023 | asia.nikkei.com | Pimfha Chan |Dealstreet Asia

BANGKOK -- U.S. private equity behemoth TPG is expecting the final close of its $6 billion eighth flagship Asia buyout fund in the first half of next year after launching it in January 2022, the company said during its earnings call. TPG Asia VIII had already gathered almost $4.3 billion as of the third quarter of 2023, after announcing the first close at $3.4 billion in November last year. The firm has so far raised $900 million for the fund in the past 12 months, recent filings show.