Achi news desk-
SINGAPORE, (APP – UrduPoint / Pakistan Point News – 28th Mar, 2024) Singapore registered private equity (PE) investment of about 3.7 billion US dollars in 2023, marking a contraction of nearly 74 percent from 2022, according to a recent report published by financial research firm Pitchbook.
The venture capital (VC) investment in Singapore last year was 9.3 billion dollars, remaining stable with 2022, while VC deals fell from 998 to 651, according to the report on private capital in Southeast Asia.
PE and VC investment in Southeast Asia fell last year as capital withdrew amid uncertainty, including rising interest rates and geopolitical tensions, the report noted.
The report noted that global investors are moving from Southeast Asia to other emerging markets, particularly India and Latin America, due to lower valuations of start-ups with similar business models and the quality of founders.
Meanwhile, optimistic macroeconomic outlook, population structure, and consumption potential in Southeast Asia remain attractive to global investors going forward, the report said.
