Singapore

GPCA’s Asia headquarters was established in Singapore in 2021, to represent leading fund and institutional investors based in Southeast Asia, and to build bridges among investors across global markets with Singapore as a key nexus.

Approximately one third of GPCA’s members have a presence in Singapore. GPCA engages members through quarterly Asia Members Meetings, which include open discussions on trends in the region and Q&A sessions with invited guests.

GPCA’s local Singapore team also publishes sector-and-strategy specific research and profiles regional investors in partnership with GPCA’s VC + Tech team.

Singapore Team

Upcoming Events

GPCA will host the highlight Asia Members Meeting of the year on 23rd September in Singapore. Attendees include GPCA members and invited guests from the investment community and government.

The meeting will feature panel discussions with LPs and GPs, and a research presentation with key takeaways from GPCA’s Mid-Year Industry Data and Analysis.

Following the Members Meeting, GPCA will host the Singapura Sundown Reception at the iconic rooftop lounge at CÉ LA VI.

More details to be announced soon.

Past Events

Training on Trends in Fundraising and Secondaries

On 21 May, GPCA and Hong Kong Venture Capital and Private Equity Association (HKVCA) co-hosted an Investor Training on Trends in Fundraising and Secondaries in Hong Kong.

The training highlighted the current fundraising landscape and challenges faced, the market for GP-led secondaries, and risks to manage.

Thank you to faculty practitioners Nick Thorn (EQT Group), Martin Yung (HarbourVest Partners), Niklas Risberg (Lexington Partners), Shawn Yang (Debevoise & Plimpton), Jude Wong (Lazard), Thomas Swain (Jefferies Private Fund Group) and Joe Chang (AlpInvest Partners) for leading the discussions.

Thank you to Debevoise & Plimpton for hosting the training.

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Asia Members Meeting

More than 50 practitioners from across the private capital sector joined the GPCA Asia Members Quarterly Meeting on 25 April 2024 for an interactive discussion on sustainability accelerators in 2024, including Responsible AI, the year of elections, reporting and LP expectations. 

Key takeaways include:

  • In the year of elections, investors need to prepare for changes in government across the world. Nonetheless, the overall trend of the need for businesses to be a part of the solution to the climate crisis remains, offering potential opportunities for investments in new areas.
  • Beyond financial performance, LPs are looking for ways to tie carried interest to both financial return and impact outcomes.
  • Regulators such as those in Singapore are increasing regulatory demands for sustainability and transparency reporting.
  • Challenges in implementing AI sustainably include both environmental and social material factors. 
  • While blended finance can play an important role in achieving sustainability goals, financial outcomes are still important to demonstrate the growth potential of the climate sector beyond renewables. 

A huge thank you to our speakers David Katz, KKR, Jaclyn Seow, Openspace Ventures, Michael Tang, SGX RegCo and Jingyi Zhang, Asian Infrastructure Investment Bank for leading the discussion.

Asia Programs & Research

GPCA Investor Training

21 May 2024

GPCA members are invited to an Investor Training on 21 May 2024 from 9:30 am – 12 pm, co-hosted by GPCA and HKVCA in Hong Kong.

The training is complimentary for GPCA and HKVCA members. A USD130 fee applies for non-member firms.

Featured speakers:

  • Niklas Risberg (Director, Lexington Partners)
  • Shawn Yang (Partner, Debevoise & Plimpton)
  • Nick Thorn (Managing Director, EQT Group)
  • Thomas Swain (Managing Director, Jefferies Private Fund Group)
  • Jude Wong (Director, Lazard)
  • Martin Yung (Principal, HarbourVest Partners)
  • Joe Chang (Principal, AlpInvest)

The training will be held at Debevoise & Plimpton. Please register early as space is limited. The training will take place after the HKVCA China Private Equity Summit, a GPCA partner event in Hong Kong.

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Asia Members Meeting

25 April, 2024

More than 50 practitioners from across the private capital sector joined the GPCA Asia Members Quarterly Meeting on 25 April 2024 for an interactive discussion on sustainability accelerators in 2024, including Responsible AI, the year of elections, reporting and LP expectations.

A huge thank you to our speakers David Katz, KKR, Jaclyn Seow, Openspace Ventures, Michael Tang, SGX RegCo and Jingyi Zhang, Asian Infrastructure Investment Bank for leading the discussion.

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Asia Members Meeting

15 February, 2024

GPCA hosted its first Asia Members Meeting on 15th February 2024 in Singapore.

The Asia Members Meeting discussed investment opportunities and risks in Indonesia in 2024, against the backdrop of Indonesia’s presidential elections and shifting socio-economic landscape.

A huge thank you to our speakers Adrian Li, AC Ventures, Fernanda Lima, LeapFrog Investments, Chee-Yan Wong, Northstar Group, Daryl Ng, HarbourVest Partners, and Achmad Sukarsono, Control Risks, with closing remarks by GPCA Asia Council Chair and Board Member Brian Lim.

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Southeast Asia Quarterly Members Meeting & Singapura Sundown Reception

December 5, 2023

GPCA hosted the final Members Meeting of the year and a holiday reception on 5 December 2023 from 4:30 pm – 8 pm at 1880 Singapore.

The interactive session presented a round-up of 2023, including a discussion on the fundraising environment and considerations of investors as we enter 2024. The session also featured GPCA’s Q3 Industry Data & Analysis and the Climate Funds in Global Markets report.

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Climate Training

November 2, 2023

The Climate Crisis: What GPs Need to Know and Do About Physical and Transition Risks and New Areas for Investment

GPCA hosted a training session and cocktail reception on 2 November 2023 from 9 am-6 pm at the Four Seasons Hotel in Singapore.

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Healthcare in Asia: The Growing Opportunity for Private Capital

September 26, 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 opportunity for private capital investors.​

This report analyzes healthcare investment trends across China, India and Southeast Asia, as well as how private capital players are helping to address local market needs, improve the quality and availability of care and drive innovation in the region.​

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Southeast Asia Quarterly Members Meeting & Singapura Sundown Reception

September 21, 2023

GPCA hosted its third Southeast Asia Members Meeting of the year and annual Singapura Sundown Reception on 21 September 2023 in Singapore, with over 110 attendees, including invited guests from the investment community and government.

The meeting featured a research presentation with key takeaways from GPCA’s Mid-Year 2023 Industry Data & Analysis, and an investors panel with Edward J. Grefenstette (The Dietrich Foundation), Sharon Liang (Siguler Guff), Sudhir Variyar (Multiples Alternate Asset Management), Craig Thorburn (Future Fund) and Srini Nagarajan (British International Investment) moderated by GPCA CEO Cate Ambrose, with closing remarks by GPCA Asia Council Chair Brian Lim.

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Southeast Asia Quarterly Members Meeting

April 27, 2023

GPCA hosted a member’s discussion on private capital investing in an uncertain environment for the Singapore Quarterly Members Meeting on 27 April, with 60 attendees across GPCA’s membership.

At a nervous point in the cycle, with a “wall of worry” from the banking system to geopolitics, and the impacts of climate change, private capital has many challenges along with opportunities to raise and deploy funds while managing their existing portfolio. Cate Ambrose (CEO, GPCA), Taimur Baig (Managing Director & Chief Economist, DBS Bank) and Claudia Zeisberger (Professor of Entrepreneurship & Family Enterprise, INSEAD) led a discussion addressing how investors are thinking about navigating new realities, including higher interest rates, decreased confidence in the banking sector in the US and Europe, scarcity of capital, geopolitical tensions with China, and increasing ESG expectations in Southeast Asia, as well as an emerging focus on “Responsible AI”.

 

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Training Session on Co-investments

February 17, 2023

Supported by Singapore Venture and Private Capital Association (SVCA), GPCA hosted a training on co-investments on 17 February 2023 from 3-4 pm SGT at the IFC Office in Singapore.

Co-investments have proven to be a popular and critical component of the private equity landscape.

The training was immediately followed by the Southeast Asia Members Program.

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Southeast Asia Quarterly Members Meeting

February 17, 2023

GPCA hosted its first Members-only Meeting of 2023 on 17 February 2023, from 4-5:30 pm SGT at the IFC Office in Singapore.

The interactive discussion leveraged an unparalleled network of senior industry investors, professionals, and sustainability leaders on their views on emerging ESG risks in Southeast Asia.

A 2023 research outlook was presented by Ethan Koh, GPCA’s Asia Research Director, and Yao Hwee Heng, GPCA’s Research Analyst.

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Southeast Asia Quarterly Members Meeting & Pre-Holiday Reception

December 8, 2022

GPCA held its final Southeast Asia Members Meeting and Pre-holiday cocktail reception of 2022 on 8 December, featuring an open members’ dialogue. The interactive session with a round-up of 2022 and review of LP priorities was also a timely preview of challenges and opportunities SE Asia investors will face in 2023.

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Southeast Asia Quarterly Members Meeting

September 22, 2022

GPCA hosted a special program for members and invited institutional investors on 22 September, 2022 at Marina Bay Sands Singapore, convening more than a hundred GPCA Members and invited guests from the investment community and government.

An institutional investor panel was hosted in partnership with Institutional Limited Partners Association (ILPA), with a focus on Current Trends in Private Capital and the Outlook in 2023.

This was followed by a session discussing the biggest opportunities for private capital in Southeast Asia, led by ​​​​​​GPCA Managing Director Julie Ruvolo.

The meeting was followed by a hundred-person VIP stakeholder reception at the iconic rooftop lounge at CÉ LA VI.

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Southeast Asia Quarterly Members Meeting

June14, 2022

Differentiating Between Impact Investing and ESG 

GPCA hosted the first in-person Southeast Asia Quarterly Members Meeting in more than two years on 14 June 2022 from 4:30 pm – 6 pm SGT.
The roundtable meeting featured a practical discussion on differentiating between impact investments and funds that incorporate ESG as part of the investment process but do not necessarily have impact as a goal.

Speakers include Saima Rehman, Investment Officer, Private Equity Funds Group, IFC; Chayan Dhir, Head of Impact for Financial Services, LeapFrog Investments; Rukmini Bahl, Director, Insitor Partners; and David Steel, Founder and Partner, Triple P Capital.

This interactive roundtable discussion was led by GPCA’s CEO Cate Ambrose. In addition, Ethan Koh, GPCA’s Asia Research Director, presented the latest fundraising and investment trends in Asia.

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Southeast Asia Quarterly Members Meeting

March 2, 2022

Best Practices on Diversity & Inclusion

Jennifer Choi (Managing Director for Industry Affairs, ILPA), Shuyin Tang (Partner, Patamar Capital and Co-Founder & CEO, Beacon Fund) and Trinnie So (Director of Compliance & Government & Public Affairs, Asia and APAC rep for Women@Teachers, Ontario Teachers’ Pension Plan) shared their insights on best practices for Diversity & Inclusion.

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2022 Southeast Asia Startup Directory

February 22, 2022

GPCA presents the Southeast Asia Startup Directory, which features 192 startups that raised disclosed USD5m+ rounds in 2021. This is a marked increase from 2020, when 106 startups raised disclosed USD5m+ rounds.

This report highlights each company’s disclosed investors, sectors, and financing stages. The report also includes an analysis of the participation of corporate investors and government funding in backing startups, as well as the percentage of capital flowing to women-led startups.

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Southeast Asia Quarterly Members Meeting

December 14, 2021

LP Outlook: Committing Capital in Asia 2022

Rebecca Xu, Alicia Gregory, Pamela Fung and Saima Rehman shared an update on how their investment strategies have changed over 2021, and their outlook for 2022.

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Emerging Tech Trends in Southeast Asia: Foodtech, Fintech, Healthtech and Edtech 

November 9, 2021

According to data compiled by GPCA, technology deals accounted for 83% of private capital
deal value across all asset classes in 1H 2021 — inclusive of a broad range of businesses across consumer-focused digital services.

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Foodtech Spotlight: Nutrition Technologies

November 8, 2021

Founded in 2015, Nutrition Technologies‘ mission is to introduce insects into the global food supply chain by harnessing their potential as sustainable commodity ingredients for animal and plant nutrition. 

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Fintech Spotlight: Nium

November 8, 2021

Founded in 2014, Nium is leading embedded fintech company that provides banks, payment providers and businesses with access to global payment services via one API.

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Edtech Spotlight: Ruangguru

November 8, 2021

Founded in 2014, Ruangguru is a leading edtech platform in Indonesia, and growing quickly in Vietnam and Thailand. The firm manages virtual classroom services, online exam platforms, subscription learning videos and private tutoring marketplaces.

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Southeast Asia Quarterly Members Meeting

October 5, 2021

Ethan Koh shared insights from GPCA’s Tech Trends Report, presenting the latest trends in Southeast Asia across the edtech, fintech, healthtech and foodtech sectors.

Industry leaders Sanjay Gujral, T.J. Kono, Michael Octoman, and Hoda Abou-Jamra shared their perspectives on how they are implementing the ESG function in their particular context based in the region, and the increasing in-house focus on ESG in private capital.

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Southeast Asia Quarterly Members Meeting

July 1, 2021

Sandeep Naik, Sunil Mishra and Stephen Seelbach, Managing Director, Vista Equity Partners discussed how global technology trends are playing out in Southeast Asia, touching on some of the biggest tech bets in their portfolios.

Kai-Niklas Schneider, alongside Fumin Feng and Samantha Mok provided an overview of how GPCA members can engage with the SFIG, with a focus on green finance, sustainability, technology and innovation.

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