Mars Mosqueda Jr. on LinkedIn: Despite strong potential, Sharia finance faces uphill task in Indonesia (2024)

Abu Dhabi-based alternative investment manager Shorooq Partners announced that it has made the first close of its latest $100-million private credit fund.The fund was launched in collaboration with @IMM Investment Global (IMMG), is a subsidiary of IMM Investment Corp. Corp, a $6-billion Korean private equity and venture capital firm. #privatecredit #alternativeinvestmenthttps://lnkd.in/gV7QNvi9

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TE Asia Healthcare Partners, a TPG Capital-backed private specialty healthcare group based in Singapore, has agreed to sell its stake in Hong Kong Integrated Oncology Centre to NF Nestor Investment Holding Limited (New Frontier). #privateequity https://lnkd.in/gijSEeD7

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US private equity major Warburg Pincus LLC Pincus and Singapore state investor Temasek Holdings Pte have agreed to acquire London-based independent insurance intermediary Specialist Risk Group (SRG).SRG said its management team will invest alongside Warburg Pincus and Temasek and will continue to hold a significant stake in the business.https://lnkd.in/g6UJu3Z6

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PHINMA Education will issue new shares worth P4.5 billion ($77 million). KKR also agreed to acquire all the shares owned, directly or indirectly, by Asian Development Bank, FMO, and Kaizen Private Equity II. PHINMA Education started in 2004 with a single school serving 5,000 students. It is now a fast-growing network of 10 educational institutions, including nine in the Philippines and one in Indonesia, serving over 150,000 students.https://lnkd.in/gYNbEu9M

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Humble Sustainability, a Philippines-based climate-tech startup, has announced raising additional funding to expand its operations and scale its business in the country.The startup did not disclose the amount it raised but said the latest funding round was anchored by Asia-focused venture capital firm Gobi Partners through the Gobi-Core Philippine Fund (Gobi-Core).https://lnkd.in/gjWB_iEF

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Southeast Asian e-commerce major Lazada has received another $230 million in capital infusion from its parent company Alibaba, according to regulatory filings.This is the Chinese tech behemoth’s first capital injection in Lazada this year following its $1.8-billion total infusion in 2023, as the Singapore-listed e-commerce firm continues to face competition from rivals.My report below:https://lnkd.in/gVKEfwk9

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NYSE-listed Sea Ltd saw a 23% year-on-year (YoY) jump in revenue to $3.7 billion during the Jan-March quarter from $3 billion during the same period last year, according to the company’s quarterly financial report.Its total adjusted EBITDA for the quarter, however, fell 21% to $401 million from $507.2 million in Q1 2023, although it was higher than $126.7 million in the previous quarter.My colleague Khamila Mulia has this report:https://lnkd.in/dS-7_BiE

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Southeast Asian startups continued to see a subdued funding environment in April, as the total private capital raised during the month plunged to $227 million, the lowest this year and down 54% month on month, according to proprietary data collated by DealStreetAsia.My report below:https://lnkd.in/gr_aXnM5

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