Hong Kong, China
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From 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 GPC Analytics for a ten-year archive of Asian private capital transactions and data cuts.

Team

Felicia Chia, Asia Director

Alex Fichter, Manager, Research

Jia Xin Ong, Manager, Marketing & Membership

Yao Hwee Heng, Senior Analyst, Research

Darsh Parekh, Analyst, Research

Steve Okun, Senior Advisor

GPCA’s Asia headquarters in Singapore represents leading fund and institutional investors based in Southeast Asia and builds bridges among investors across global markets. Learn More.

Asia Research

Fintech in India: The Evolution of the Investment Landscape

17 October 2023
This 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 2023
Changing 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 2023
As 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 2023
Both 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 2023
Overview 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 2023
Private 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 2022
Despite 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 2022
Private 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 2022
GPCA 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 2022
GPCA 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 2022
GPCA’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 2021
COVID-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 2021
GPC 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 2021
Rebounding 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 2021
GPs 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 2021
After 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

Singapore’s Transparently.AI Raises USD3m Pre-Series A from Franklin Templeton

Transparently.AI, a Singapore-based fraud detection platform, raised a USD3m pre-Series A from Franklin Templeton, valuing the company at USD20m. Read More

CVC Capital Partners Reaches USD6.8b Final Close for Asia VI

CVC Capital Partners reached a USD6.8b final close for its sixth Asia fund focused on control, co-control and partnership investments in core consumer and services sectors across the region. Read More

Seviora Capital and Temasek Launch T3F Strategy Fund

Seviora Capital and Temasek launched the T3F Strategy fund, focusing on late-stage venture and early-growth agri-food companies across the Asia Pacific.  Read More

Cento Ventures Invests in Singapore’s Doxa Holdings

Cento Ventures invested in Doxa Holdings, a Singapore-based digital procurement platform for SMEs. Doxa Holdings previously raised a USD2.2m pre-Series A in 2022. Read More

India’s GMR Airports Raises ~USD269.7m from JP Morgan Securities Asia Pacific, Tata Capital and Others

GMR Airports, an India-based aviation facilities operator, raised a INR22.4b (~USD269.7m) investment, which includes INR8.3b from JP Morgan Securities Asia Pacific, INR8b from Tata Capital, INR3b from Navi Finserv and… Read More

Singapore’s Thryve.Earth Raises USD2.6m Seed Round from Openspace Ventures and Capital Code

Thryve.Earth, a Singapore-based cloud platform that develops and manages climate solution projects, raised a USD2.6m seed round, with USD2m from Openspace Ventures and USD500k from Capital Code. Read More

Temasek Exits 8% Stake in India’s Manipal Hospitals to Mubadala, Novo Holdings and CalPERS

Temasek exited an 8% stake in India-based hospital chain Manipal Hospitals via a sale to Mubadala Investment Company, Novo Holdings and the California Public Employees’ Retirement System. Read More

Advent International Acquires Majority Stake in China’s VNU Exhibitions Asia

Advent International acquired a majority stake in China-based exhibitions and conferences organizer VNU Exhibitions Asia. Read More

Temasek Exits India’s PolicyBazaar for ~USD300m

Temasek fully exited its 5.4% stake in India-based insurance aggregator PolicyBazaar for INR24.25b (~USD300m). Read More

Temasek Exits India’s PolicyBazaar for ~USD300m

Temasek fully exited its 5.4% stake in India-based insurance aggregator PolicyBazaar for INR24.25b (~USD300m). Read More

KKR Reaches USD6.4b Final Close for Asia Pacific Infrastructure Investors Fund II

KKR reached a USD6.4b final close for its second Asia Pacific Infrastructure Investors fund. KKR closed its inaugural Asia-Pacific infrastructure fund at USD3.9b in 2021. Read More

The Northstar Group and Ansible Ventures Invests USD1.3m in Vietnam’s NativeX

NativeX, a Vietnam-based English learning platform, raised a USD1.3m seed round from Northstar Ventures and Ansible Ventures. Read More