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Singapore captures 70% of SEA private equity deals in Q2

ESR Group’s $1.09b equity raise lifts real estate to 90.8% of regional deal value. 

Singapore accounted for approximately 70% of Southeast Asia’s private equity deal volume in the second quarter (Q2) of 2026, an EY-Parthenon report showed.

This comes even as investment activity across the region slowed, with Southeast Asia recording 10 deals worth $1.20b (US$935.5m), down from $11.78b (US$9.2b) across 19 deals in the preceding quarter.

Deal volume in the region also fell 55% year-on-year, whilst value declined 58%.

Meanwhile, companies headquartered in Singapore accounted for the three largest investments listed in the report, with a combined value of $1.18b (US$920.5m).

ESR Group raised $1.09b (US$850m) in additional equity from Warburg Pincus and Sixth Street, accounting for most of the region’s capital deployment and driving real estate’s 90.8% share of total deal value.

Technology represented 5.3%, followed by the consumer sector at 2.2%.

Other key deals included BIPO Service Singapore, which secured $64m (US$50m) from Apis Partners, whilst Little Farms Group received $26.2m (US$20.5m) from Asia Partners Fund Management and Panther Mountain Capital.

The report found regional exit proceeds rose to $5.38b (US$4.2b) across 11 transactions, their highest level since Q1 2022, led by Cuscaden Peak Investments’ $3.88b (US$3.03b) sale of Paragon in Singapore.

Other major Singapore exits included Blackstone’s $1.15b (US$900m) divestment of Interplex Datacom and Dymon Asia Private Equity’s $175.1m (US$136.8m) exit from Newark.

$1 = US$0.78

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