More money for Asia soon? CVC Capital Partners, a Europe-based private equity (PE) firm, just raised over $4.45B for its new Asia fund–according to regulatory filings.

• The target? $6B. This is their sixth and largest fund to date!

Investor check. Canadian Pension Plan Investment Board and The Oregon Public Employees Retirement System helped fund it, according to separate public disclosures. 

• Back in 2020, CVC raised $4.3B for its CVC Asia V fund. 

‍

↗️ Run the numbers

According to their website, CVC has been active in the region since 1999! To date, they have 29 active investments in Asia. 

• Oh, and they also have 12B EUR (~13.1B USD) assets under management in the region.

‍

Bain and Co. reported in March that APAC’s PE deal value fell by 44%. That’s from $198B in 2022 to $354B in 2021. 

• Key findings? Internet and tech deals are still APAC’s strongest sector, but it saw a decline. 
• Environment, social, and corporate governance investments increased though. 

‍

🗺️ The big picture

It’s a tough time for VCs and startup operators in Asia right now. As you know, the region is stuck in between a tough geopolitical situation between China and the US. 

• President Biden just recently banned certain US tech investments in China

‍

👀 Portfolio sneaks

CVC has over 120 companies under their portfolio, all in various industries. Here are some SEA-based ones: 

• 🇮🇩 PT Samator Indo Gas. A family-run industrial and medical gas supplier.  
• 🇹🇭 Ngern Tid Lor. A publicly-listed loan provider for self-employed and unbanked individuals. 
• 🇵🇭 Landers Superstore. A fast-growing membership-only retailer frequently offering sales discounts.