Happy Monday, Hubsters. MK Flynn here with the Wire. Let’s kick things off with a global story. General Atlantic plans to invest $2 billion into India and Southeast Asia over the next two years after falling valuations have made the region's startups more attractive, Sandeep Naik, who heads the firm’s business in India and Southeast Asia, told Reuters in an interview. "The realism is setting in,” Naik said. “We were waiting for the value creation to happen. We are now ready.” "We are very bullish on India, Indonesia and Vietnam," Naik said. Climate Pledge. Tech-focused Vista Equity Partners announced on Friday that each of its majority-owned portfolio companies has agreed to measure greenhouse gas (GHG) emissions, set a GHG reduction target and offset GHG emissions on an annual basis, as part of the Vista Climate Pledge. LP portfolio sales. Kemnay Advisory Services, a single-family office, wants to sell a portfolio of private equity fund stakes valued at more than $1 billion, sources told Buyouts. “The LP portfolio sale comes amid severe public market volatility, which makes pricing underlying private assets hard in secondaries sales,” Chris Witkowsky writes. “It remains to be seen if the Kemnay portfolio, like others in the volatile markets, will actually transact with sellers being asked to take potential steep discounts on some fund interests.” No one from Kemnay responded to a comment request. LP portfolio sales have picked up this year, with several large processes moving through the volatile markets. Read the full story for more. That’s all for now. Until tomorrow, MK Read the full wire commentary on PE Hub ... |