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Search resuls for: "Global Private Capital Association"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe energy transition is creating 'enormous' opportunity for private capital: CEOCate Ambrose, CEO and board member of Global Private Capital Association, says that's the case "whether it's large infrastructure firms … renewable energy, also everything related to food tech, agribusiness" and so on.
Persons: Cate Ambrose Organizations: Global Private Capital Association
The hectic pace of activity comes after private credit funds targeting Asia jumped 76% last year to a record $11.2 billion, driven by both regional and India-dedicated strategies, according to Global Private Capital Association. As large global sponsors continue to invest into multi-billion dollar Asia-focused credit funds such as Apollo, Blackstone and KKR, the Asian private credit industry is set for further boom, Robert Wright, partner in law firm Baker McKenzie, said. The string of new private credit funds come against the backdrop of startups facing the threat of having down rounds. Nevertheless, alternative financing such as private credit does not come cheap, industry experts warned. Private credit firms usually arrange loans, with assets secured, on a floating rate basis.
Persons: GPCA, Singapore's SeaTown, Europe's 21yield, Nicholas Mairone, Robert Wright, Baker McKenzie, SeaTown, Rakshat Kapoor, Camille Krejci, Parthiv Rishi, Sidley Austin, Siew Kam Boon, Yantoultra Ngui, Sumeet Chatterjee Organizations: Asia, SINGAPORE, Global Private Capital Association . Industry, Silicon Valley Bank, Blackstone, KKR, Reuters Graphics, Bain Capital, India's, Mahindra Bank, Hong Kong's ADM, SoftBank Investment Advisers, Reuters, Prosus NV, Thomson Locations: Asia, India, Singapore, United States, North America, Silicon, Pacific, Japan, Hong Kong
Technology Slump Refocuses Startups on Capital Discipline
  + stars: | 2023-03-31 | by ( Luis Garcia | ) www.wsj.com   time to read: 1 min
Slumping valuations for technology companies are making managers at emerging-markets startups direct their attention to capital discipline after years of booming investments and rising valuations that shunted aside cash concerns, according to venture-capital fund managers from areas such as Africa, Asia and Latin America. “In the last five years, the environment that basically has trained or educated [startup founders] on the ground was not the right environment,” said Kuo-Yi Lim, a co-founder and managing partner at Southeast Asia-focused Monk’s Hill Ventures. Mr. Lim and other emerging-markets fund managers spoke during a Global Private Capital Association conference in New York this week.
Private credit investments surged 89% in 2022 - report
  + stars: | 2023-02-22 | by ( Chiara | ) www.reuters.com   time to read: +2 min
LONDON (Reuters) - Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates, according to a report published on Wednesday. REUTERS/Tingshu Wang/File PhotoThe Global Private Capital Association (GPCA) said private credit investment saw the largest rise, growing by 89% to $10.8 billion in 2022 from the year before in Asia, Latin America, Africa, Central and Eastern Europe (CEE) and the Middle East. Private credit is financing provided by a lender other than a bank, such as an investment fund. “There are persistent financing gaps unaddressed by global or local banks that private credit funds are helping to fill,” said Jeff Schlapinski, Managing Director, Research at GPCA. The Middle East was the only region that in 2022 saw an increase in overall private capital investment, rising 30% to $19.8 billion.
"Today, there's much stronger appetite for India and Southeast Asia," Joel Thickins, co-managing partner at TPG Capital Asia, told Reuters. The enthusiasm persists despite due diligence for startups that requires many months while valuations are under pressure, investors said. But although funds were diversifying, investors said the region's vastly different markets meant a uniform investing strategy was not ideal. One area that I constantly notice that everybody is very interested in is Southeast Asia. "There are still individual U.S. cities where startups are raising more money than all of the startups in Southeast Asia," said Julie Ruvolo, managing director of venture capital at Global Private Capital Association, which says its 300 members manage assets of more than $2 trillion.
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