In the face of unprecedented challenges posed by the COVID-19 pandemic, the fundraising performance of Southeast Asia-focused private equity funds in 2020 did not disappoint as investors remained largely confident of the region’s macro fundamentals.
According to Private Equity in SE Asia: H2 2020 Review, four SE Asia-focused PE funds managed to record a final close in 2020 – three of these were closed in the second half of the year – with a total corpus of $1 billion. This compares to five final closes with $1.3 billion in total value in the previous year.
More encouraging was the interim closing performance of SE Asia-focused funds. Ten funds raised $1.4 billion in capital through interim closes in 2020, higher than six funds and $863.5 million in 2019. This, coupled with an expected regional economic recovery, raises expectations of a better overall fundraising performance this year.
This article originally appeared on CNA. You can view the original article here: https://www.dealstreetasia.com/stories/pe-funds-2020-228902/
24 February 2021