Data provider for alternatives investors Preqin has partnered with the Singapore Venture and Private Capital Association (SVCA) to create a performance benchmark for the Southeast Asia region.
Through the project, the organisations aim to improve transparency and provide more detailed insights into the market for potential investors.
Over the course of September 2023, Preqin will securely collect performance data from Southeast Asia-focused funds with the support of the SVCA. Findings will be collated into an anonymised and aggregated performance benchmark report. These reports will be produced twice annually from then on.
Recent research from Preqin has shown Southeast Asia to be a top investment destination for institutional investors in the private capital space. The company already tracks 818 Southeast Asia-focused private capital funds, with a combined US $57.9 billion in assets under management. Between 2017 and 2022, this has garnered compound annual growth of 16 per cent.
Geetanjali Bhalotia, senior vice president and head of investor data at Preqin, says: “SVCA and Preqin have been long-standing partners, with a shared objective of growing private capital markets in Southeast Asia. Our new performance benchmark partnership will help enhance transparency into the performance of funds in the region, fostering greater investments and facilitating the expansion of the market.”
Sunil Mishra, chairman of SVCA, comments: “These performance benchmarks will be an important development in providing greater transparency into Southeast Asia, improving performance coverage. This partnership will further help promote investments into Southeast Asia's venture capital and private equity segments at a time when there is increasing interest from all global institutional investors in the region. We request all members to actively support this initiative.”
