Growth equity

A series of unfortunate events in Southeast Asian private equity have conspired with an uncertain macroeconomic environment to inspire greater circumspection around manager selection and deal protections.

Marondo Capital is targeting €250m for its second fund, which will invest in dual-use defence and critical infrastructure, PEI has learned.

'We are strong believers that AI will continue to increase the already large investment opportunity in B2B software companies,' JMI managing partner Peter Arrowsmith told Buyouts.

There’s an increased appetite this year for growth equity and buyout strategies, particularly among global family offices with $1bn-plus in AUM, according to a new survey.

The $1.3bn multifamily office allocates 20-30% towards alternatives for most clients, founder and ex-a16z partner Michael Paulus tells PEI.

Stuart Wrigley, who will also lead the firm's Asia-Pacific expansion from a new Singapore office, joins following a 24-year stint at GSAM, most recently as head of its APAC client solutions group.

With appetite for India rising overseas, PEI profiles some of the market's most prolific global buyers.

The tech and healthcare investor is understood to have already raised more capital for its sophomore Spark II vehicle than its predecessor's final amount.

The wealth manager is currently seeing an average low-single-digit allocation towards private markets among clients, Martin Leung, head of alternative investments Hong Kong, tells PEI.