The post-Covid exit landscape and new fundraising order in SE Asia

With Nicholas Bloy, co-managing partner, Navis Capital Partners

Private equity deal-making in SE Asia appears to be bouncing back in 2021 compared to last year’s lacklustre exit record as well fewer buyout transactions. The region is also seeing an increase in the number of global PE majors looking at SE Asia even as limited partners are setting up regional offices to boost their direct investments. 

How are LPs and GPs approaching digital fundraising and virtual underwriting? Will the increased dry powder lead to record deals in the rest of 2021 and next year? What will the new normal be for SE Asia and which markets and sectors will see heightened activity? Will remote work allow SEA-focused PE firms to have boots on the ground in more countries here, enabling greater access to deal flow? 

Bloy, who is responsible for fundraising at Navis, will share his perspectives on the overall PE investment landscape in the current context. Malaysia-headquartered Navis Capital manages approximately $5 billion in public and private equity capital and focuses on investments primarily in and around Asia. Navis recently announced the final close of two of its funds – Navis Asia Fund VIII and Navis Asia Green Loop Fund – at $900 million and $450 million, respectively. Navis Capital has also been actively exploring exits from its investments and has also sealed several divestments in recent months.