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
Darsh Parekh, Analyst, Research
Justin Chiu, Analyst, Research
Steve Okun, Senior Advisor
Asia Research
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
Norfund Leads USD55m Investment for Indonesia’s Xurya
Norfund led a USD55m investment in Xurya, an Indonesia-based provider of rooftop solar panel rental services, with participation from British International Investment, AC Ventures, Swedfund and Clime Capital. Read More
Accion Invests USD17.5m in Indonesia’s Amartha
Accion invested USD17.5m in Amartha, an Indonesia-based microfinance technology platform that connects SMEs with investors. Read More
Kotak Alternate Asset Managers Invests ~USD173m in India’s Matrix Pharma
Kotak Alternate Asset Managers invested INR14.5b (~USD173m) in India-based pharmaceutical company Matrix Pharma. Read More
India’s Fibe Raises USD90m Series E from TR Capital, Trifecta Capital, Amara Partners, TPG Rise Fund and Others
TR Capital, Trifecta Capital and Amara Partners led a USD90m Series E for India-based consumer lending platform Fibe, with follow-on from TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures… Read More
Monk’s Hill Ventures Leads USD5.3m Pre-Series A for Singapore’s iPiD
Monk’s Hill Ventures led a USD5.3m pre-Series A for Singapore-based global payments platform iPiD, with participation from Quona Capital and QED Investors, as well as follow-on from Jungle Ventures, 1982… Read More
Temasek and Fidelity Invest USD200m in India’s Lenskart
Temasek and Fidelity invested USD200m in Lenskart, an India-based eyewear retailer. Read More
General Atlantic and Ares SSG Partially Exit India’s PNB Housing Finance for ~USD101m
General Atlantic and Ares SSG Capital Management partially exited their stake in India-based lender PNB Housing Finance for INR8.43b (~USD101m). Read More
DFC Announces USD126m Commitment for Indonesia’s Medco Cahaya Geothermal
DFC announced a USD126m commitment for Medco Cahaya Geothermal, an Indonesia-based power generation company. Read More
KKR Acquires Significant Minority Stake in India’s Infinx Healthcare
KKR acquired a significant minority stake in Infinx Healthcare, an India-based process outsourcing platform for the healthcare industry, for INR12.5b (~USD150m). Read More
KKR To Invest in Philippines’ PHINMA Education
KKR agreed to invest in PHINMA Education, the private higher education arm of Philippines-based conglomerate PHINMA Corporation. Read More
IFC Provides USD500m Debt Financing for India’s HDFC Bank
IFC provided USD500m in debt financing for India-based private sector lender HDFC Bank. Read More
Kotak Invests ~USD48m India’s Biorad Medisys
Kotak invested ~INR4b (~USD48m) in India-based medical device manufacturer Biorad Medisys. Read More