Southeast Asia

Amid increasing pet ownership, longer lifespans for cats and dogs and the trend to treat pets as family members, venture capitalists are betting on expanding market opportunities in animal health.

The Alternatives Investing Center will help financial advisers navigate investment strategies within venture capital and other private asset classes, adding to other efforts to sharpen the investment firm’s focus on private markets.

The fund's LPs include the Dutch entrepreneurial development bank FMO, Ford Foundation, MetLife and Mastercard.

The giant asset manager's Private Equity Solutions platform will make about 20-25 investments in a mix of early-stage funds and co-investments in later-stage companies.

Venture funds raised $41.6bn worldwide in the first half of this year, down from $60bn in H1 of last year, according to exclusive research by Venture Capital Journal.

With extensive experience in enterprise-ready technology, the firm will invest in 25-30 companies across various funding stages that are developing financial service and supply chain products and services.

The firm hopes to enable technology transfer and more employment opportunities in emerging markets by encouraging portfolio companies to scale manufacturing overseas.

VCs invested a total of $9.1bn in emerging venture markets in 2024, down from $15.3bn in 2023 and a high of $25.1bn in 2021.

The Indonesian firm seeks founders creating businesses geared towards local markets, including ideas that may not work outside of Indonesia, says founding partner Eddy Chan.

Our LP Perspectives 2025 Study finds investors are warming to venture capital after giving it the cold shoulder.