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 GPC Analytics for a ten-year archive of Asian private capital transactions and data cuts.
Team
Felicia Chia, Asia Director
Jia Xin Ong, Manager, Marketing & Membership
Yao Hwee Heng, Senior Analyst, Research
Darsh Parekh, Analyst, Research
Justin Chiu, Analyst, Research
Steve Okun, Senior Advisor
Asia Research
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
Foxmont Capital Partners Invests in Singapore’s Nibertex
Foxmont Capital Partners led an investment in Nibertex, a Singapore-based manufacturer of sustainable nanofiber textiles with operations in the Philippines. Read More
Warburg Pincus Invests in Vietnam’s Xuyen A
Warburg Pincus invested in Xuyen A, a Vietnam-based tertiary hospital group. Read More
Lighthouse Funds Invests ~USD84m in India’s Parsons Nutritionals
Lighthouse Funds invested INR7b (~USD84m) in Parsons Nutritionals, an India-based manufacturer of packaged foods and beverages, with participation from IFC, Evolvence India, HDFC AMC and others. Read More
Warburg Pincus Acquires 65% Stake in India’s Appasamy Associates
Warburg Pincus acquired a 65% stake in Appasamy Associates, an India-based manufacturer of ophthalmic equipment and intraocular lenses, for ~USD300m. Read More
Temasek, Boyu Capital and others invest USD62m in D3 Bio Series A+
D3 Bio, a China-based clinical-stage biotech company backed by Temasek, raised a USD62m Series A+ led by Medicxi, with follow-on from Matrix Partners China and WuXi AppTec. Read More
CVC Capital Partners Exits Vietnam’s Asia Commercial Bank for USD220m
CVC Capital Partners fully exited its 5% stake in Vietnam-based commercial lender Asia Commercial Bank for USD220m. Read More
CITIC Capital Acquires China’s Guilong Pharmaceutical
Trustar Capital, the private equity affiliate of CITIC Capital, acquired Guilong Pharmaceutical, a China-based OTC medicine manufacturer for sore throats. Read More
Kotak and ADIA To Invest ~USD240m in India’s Prestige Estates
Kotak Alternate Asset Managers and Abu Dhabi Investment Authority agreed to invest INR20b (~USD240m) in India-based real estate developer Prestige Group. Read More
KKR To Invest USD400m in Philippines’ Pinnacle Towers
KKR agreed to invest USD400m in Pinnacle Towers, a Philippines-based independent telecom tower operator. KKR first invested in the company in 2020. Read More
MPower Partners Leads USD10.2m Series B1 for Indonesia’s Rukita
MPower Partners led a USD10.2m Series B1 for Rukita, an Indonesia-based move-in-ready apartment rental platform, with participation from Openspace Ventures, Golden Gate Ventures, BNI Ventures, Jeremy Lin and others. Read More
Triple P Capital To Raise for USD200m Climate Fund II
Triple P Capital agreed to raise USD200m for its second fund focusing on the climate sector, specifically climate adaptation and resilience in Southeast Asia. Read More
Actis Exits 75% Stake in Indonesia’s SIS Group to Adivira Capital
Actis exited its 75% stake in SIS Group, an Indonesia-based private school chain operating in Indonesia, India, South Korea and Myanmar, via a sale to Adivira Capital. Read More