Southeast Asia Data Insights (Mid-Year 2020)

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GPs secured USD1.1b for Southeast Asia-focused funds in 1H 2020, on par with the 2H 2019 fundraising total

Southeast Asia-dedicated GPs raised USD1.1b across 18 funds in 1H 2020, continuing fundraising momentum from 2019. Multiple established private equity fund managers successfully reached closes for follow-on funds, including Navegar’s USD150m final close for its second Philippines-focused growth fund and Northstar Group’s USD260m first close for its fifth Southeast Asia fund. Following a year with multiple large VC fund closes, capital raised for VC strategies fell to USD445m in 1H 2020, a 39% decline year over year. However, several first-time fund managers secured capital for debut funds in 1H 2020: ATM Capital raised USD100m for its early-stage fund, and seed-stage Fund I held a USD15m final close. Indies Capital Partners also announced a USD100m interim close on the region’s first private credit fund raised since 2018.