EschCollectionFrom our Singapore headquarters, the GPCA Asia research team covers China, Southeast Asia, India and neighboring South Asian markets.
An archive of Asia research reports can be found here.
Members can access the Data Room for a ten-year archive of Asian private capital transactions and data cuts.
Team
Felicia Chia, Asia Director
Jia Xin Ong, Manager, Marketing & Membership
Lining Yu, Research Analyst
Darsh Parekh, Analyst, Research
Steve Okun, Senior Advisor
Asia Research
When Women Lead: Entrepreneurial Case Studies from Vietnam, the Philippines and Indonesia
1 October 2024GPCA and Investing in Women (IW) partnered to promote gender lens investing (GLI) among capital providers and fund managers across Southeast Asia by highlighting successful women-led investments. When Women Lead:… Read More
Mid-Year 2024 Industry Data & Analysis
28 August 2024Overall private capital invested across GPCA’s markets – including Asia, Latin America, Africa, CEE and the Middle East – fell to USD17.3b in Q2, despite deal count increasing slightly to… Read More
India’s New Chapter: What Is Driving the Boom in Private Capital Exits?
23 July 2024The value of private capital exits in India surpassed USD25b in 2023 and USD11b in 1H 2024, bucking the slowdown in global private capital liquidity. After the ups and downs… Read More
Q1 2024 Industry Data & Analysis
7 May 2024Key data takeaways: Overall private capital investment across GPCA’s markets – including Asia, Latin America, Africa, CEE and the Middle East – remained on par with the past two quarters,… Read More
2024 Trends in Global Tech
21 March 2024GPCA markets are searching for a new normal. After an unprecedented wave of activity during COVID-19, venture capital (VC) deal value and count fell for the second straight year in… Read More
Tracking Cross-Border Private Capital: New Links Between Asia and the Middle East
27 February 2024Strengthening diplomatic relations, economic integration and strategic technology transfers are reshaping the private capital investment landscape between the Middle East and Asia. Investors and portfolio companies in Asia are increasingly… Read More
2024 Industry Data & Analysis
20 February 2024GPCA’s 2024 Industry Data & Analysis features in-depth private capital data, commentary and analysis on key trends across global markets. Key data takeaways: Overall private capital deal value across GPCA’s markets… Read More
Fintech in India: The Evolution of the Investment Landscape
17 October 2023This report delves into the latest fintech developments in India and highlights the evolution of major private capital investment themes based on GPCA’s proprietary dataset and discussions with GPCA Members.… Read More
Healthcare in Asia: The Growing Opportunity for Private Capital
26 September 2023Changing demographics and rising incomes are driving growth in the healthcare industry across Asia. Despite growing demand, significant gaps in key segments of the healthcare landscape remain, fueling a long-term… Read More
2023 Emerging Tech Trends in Asia
28 February 2023As digitization spreads across industries and with the continued growth of venture capital, tech investment has grown to represent the majority of private capital activity in Asia, even amidst the… Read More
Private Credit in Asia: Opportunities and Themes for 2023
28 February 2023Both long-term structural trends and recent shifts in market dynamics are driving the growth of private credit activity in Asia, which reached record levels in 2022. This report explores recent… Read More
2023 Trends in Global Tech
21 February 2023Overview GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. Amidst a… Read More
2023 Industry Data & Analysis
21 February 2023Private capital investment activity across GPCA’s markets remained strong by historical standards in 2022, with fund managers deploying USD208b. Overall deal value declined 22% from 2021, yet 2022 was still… Read More
2022 Southeast Asia Data Insight
29 March 2022Despite rolling COVID-19 travel restrictions across much of Southeast Asia in 2021, investments reached a record USD21.5b with e-commerce, logistics and payments companies leading the way Additional analysis includes: Highlights… Read More
2022 India Data Insight
29 March 2022Private capital investment in India concentrated in the consumer goods & services industry with a record USD23.5b invested in 2021 as companies targeted the second-largest consumer market globally. Additional analysis… Read More
2022 Southeast Asia Startup Directory
22 February 2022GPCA Members can log in to receive exclusive access to the underlying data (Excel). VC funding in Southeast Asia reached a record high of USD10.3b in 2021. Our inaugural Southeast Asia Startup Directory… Read More
2022 Global Private Capital Industry Data & Analysis
16 February 2022GPCA Members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle… Read More
GPCA Trends in Global Tech
16 February 2022GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central and Eastern Europe and the Middle East. With VC representing… Read More
Emerging Tech Trends in Southeast Asia: Foodtech, Fintech, Healthtech and Edtech
8 November 2021COVID-19 has accelerated digital transformation in Southeast Asia. As the digital economy expands, so does investment in tech-enabled businesses. According to data compiled by GPCA, technology deals accounted for 83%… Read More
Mid-Year 2021 Global Private Capital Industry Data & Analysis
16 September 2021GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: All major markets posted year-over-year gains… Read More
China 2021 Data Insight
26 May 2021Rebounding quickly from the pandemic, China VC activity drove private capital investment to USD72b in 2020 Private capital fund managers invested a record USD72b in China in 2020, driven by… Read More
India 2021 Data Insight
31 March 2021GPs deployed a record USD29.5b in India, targeting longterm technology, healthcare, and infrastructure opportunities Private capital deal value in India reached new highs in 2020, even as the pandemic and… Read More
Southeast Asia 2021 Data Insight
31 March 2021After a record-breaking 2019, GPs raised USD1.9b Southeast Asia-dedicated funds raised USD1.9b in 2020 as fewer venture capital (VC) managers returned to raise capital after a historic year in 2019.… Read More
Asia News
Actis To Aquire India’s Vindhyachal Expressway for ~USD92.3m
Actis agreed to fully acquire Vindhyachal Expressway, an India-based toll road, for INR7.75b (~USD92.3m). Read More
Actis Acquires 40% Stake in Phillippines’ Terra Solar for ~USD602m
Actis acquired a 40% stake in the Phillippines-based solar power project Terra Solar from Solar Philippines New Energy Corporation, a subsidiary of Manila Electric, for PHP34b (~USD602m). Read More
TPG’s The Rise Fund Leads Series C for Philippines’ BillEase
TPG’s The Rise Fund led a Series C for BillEase, a Philippines-based consumer finance platform, with follow-on from Burda Principal Investment. Read More
EQT Private Capital Asia to Acquire Singapore’s PropertyGuru for USD1.1b
EQT Private Capital Asia (formerly BPEA EQT) agreed to acquire PropertyGuru, a Singapore-based digital property marketplace, in a take-private worth USD1.1b. PropertyGuru listed via SPAC on the NYSE in 2022… Read More
Warburg Pincus Acquires Majority Stake in India’s Ebco
Warburg Pincus acquired a majority stake in Ebco, an India-based manufacturer of furniture fittings and hardware systems. Read More
Advent Invests in China’s Seek Pet Food
Advent International invested in Seek Pet Food, a China-based pet food manufacturer. Read More
L Catterton Invests in China’s Viee
L Catterton invested in Viee, a China-based manufacturer of plant-based drinks. This is L Catterton’s eighth investment in China over the past 18 months, per GPCA Research. Read More
Indian private credit exits exceeded $25bn in 2023
The value of private credit exits in India surpassed $25bn (£19.3bn) in 2023 and $11bn in the first half of 2024, according to the Global Private Capital Association (GPCA). A… Read More
Axios Pro Rata: India’s exit boom
India saw $25 billion in private capital-backed exits in 2023 and $11.5 billion in the first half of 2024, according to new data from the Global Private Capital Association. Why it… Read More
Integra Partners Leads USD5.5m Pre-Series A for Philippines’ Kindred Health
Integra Partners led a USD5.5m pre-Series A for Kindred Health, a Philippines-based women’s healthcare provider, with participation from Kaya Founders, KSR Ventures, Pawikan Capital Group, Tenco Capital and others. Read More
Integra Partners Leads USD5.5m Pre-Series A for Philippines’ Kindred Health
Integra Partners led a USD5.5m pre-Series A for Kindred Health, a Philippines-based women’s healthcare provider, with participation from Kaya Founders, KSR Ventures, Pawikan Capital Group, Tenco Capital and others. Read More
Foxmont Capital Partners and DSG Consumer Partners Invest 2m in Philippines’ Niv Della
Philippines-based beauty and skincare brand Niv Della raised USD2m from Foxmont Capital Partners and DSG Consumer Partners. Read More