Southeast Asian private equity firms have US$8.7 billion to spend: report

While private equity firms’ fundraising activities have been hit by the economic fallout of Covid-19, those in the industry say the pandemic has created opportunities for companies with deep pockets – particularly in Southeast Asia.Singapore-based Ascent Capital Partners has its sights set on Myanmar, where it is looking for investments in tech, education and health care start-ups. The country of 53.7 million has gone from SIM cards costing more than US$2,000 on the black market during the…

from South China Morning Post https://www.scmp.com/week-asia/economics/article/3098829/southeast-asian-private-equity-firms-have-us87-billion-spend