Fundraising

Southeast Asia, once touted as the continent’s next big thing in private equity, is struggling to live up to expectations. What’s holding the region back?

Venture investors are bullish about AI agents, which are said to "achieve near-human cognition in many areas" and are expected to be adopted quickly in the enterprise.

Magnetar Capital is taking an unusual approach with its debut venture fund, offering compute time in lieu of cash to AI start-ups.

While LP appetites for China are somewhat diminished, excitement is growing around India and Japan.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.

The UK-based firm believes that VC secondaries will shift venture capital from an illiquid to liquid asset class in the near future.

International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds.

An extended timeline to liquidity means LPs will be more careful about which GPs they continue to allocate to in 2024.

The move comes just two months after Menlo announced that it had raised $1.35bn to invest in tech companies “leading the AI transformation.”

Of our four most-read stories this year, three are focused on the venture secondaries market.