Exits: Slow liquidity impairs VCs & startups fundraising?

  • Kheng Lian Ho, General Partner, Turn Capital
  • Dave Richards, Co-Founder & Managing Partner, Capria Ventures
  • Miranda Jiang, Co-Head of Investments, K3 Ventures
  • Abhishek Bakshi, Head of Asia (ex-China) Issuer Services, Hong Kong Exchanges and Clearing Limited (HKEX)
  • Andi Haswidi, Head of Data and Research, DealStreetAsia (Moderator)

The lacklustre exit landscape in SE Asia continues to pose a threat to sustained allocations and deployments in the region. After the banner year of 2021, exits have consistently dropped in the region in subsequent years. The average exit value and returns have also moved southward, leading many LPs to tread cautiously on allocations. The lack of a robust public market has further narrowed the exit pathways for investors. How are fund managers working on viable exit strategies? What needs to change?