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GIC steps up as most active Asian PE investor

It had completed 11 deals in the first quarter of 2018.

Deal Street Asia reports that GIC completed 11 deals in the first quarter of 2018, making it the most active Asian private equity investor in the period.

According to PitchBook, it is one of the investors that sealed two of the biggest investments in the quarter. It was part of the US$5.5b buyout of Nets A/S by partnering with private equity firm Hellman & Friedman, and in the US$2.5b investment in FirstEnergy in January.

The Singapore fund ranked 18th among the most active investors by PE deal count in the first quarter, a pack led by Genstar Capital, HarbourVest Partners, Providence Equity Partners, Business Growth Fund, and Warburg Pincus.

Including real estate and other investments, GIC participated in a total of 21 completed deals in the first quarter. GIC’s top 10 investments, including both PE and non-PE deals, were worth over US$12b. Notably, the fund participated in the US$1.5b investment into Indonesia's Go-Jek and the US$818m financing of Beijing-based car trading platform Chehaoduo.

Read the full report here.

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