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Laxman Pai, Opalesque Asia: Asia-Pacific (APAC)-focused private equity and venture capital (PEVC) assets under management (AUM) reached a record-high $1.3tn as of December 2019, a 34% increase from a year prior, said a Preqin study.
"In fact, PEVC is driving innovation across Asia-Pacific, where growth technologies are attracting investors' interest," the report pointed out.
The e-commerce sector has boomed across APAC in the past five years - PEVC investment has reached $128bn in aggregate deal value between 2015 and 2019, reaching $35bn in 2018 alone.
Venture-backed deals in artificial intelligence (AI) companies in APAC have also become more common, with deal-makers completing a record-breaking 861 transactions in 2019. And, in H1 2020, there have already been 400 deals made.
Within APAC, private capital has flooded into ASEAN to back innovative fintech start-ups - the region represented 48% of total fintech deal value in the APAC for 2019.
Of $8.3bn in total fintech deal value in APAC, $4bn was held in the ASEAN region, up 12x on the $348mn transacted just five years prior in 2014.
And the region is on route to a future driven by the Internet of Things (IoT) technologies - between 2015 and 2019 the number of APAC IoT venture capital deals grew at a CAGR of 38%, while aggregate deal value registered a CAGR of 86% over the same period.
In IoT sector, the number and value of APAC venture capital deals has grown year on year, reachi...................... To view our full article Click here
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