Partnership will allow for more robust performance measurements and reporting transparency for funds in this emerging region
SINGAPORE, Aug. 14, 2023 /PRNewswire/ -- Preqin, the global leader empowering the alternatives community with essential data and insight, announces today an innovative performance benchmark partnership with the Singapore Venture and Private Capital Association (SVCA).
Southeast Asia is considered one of the top investment destinations by institutional investors, presenting the best opportunities for investments across the private capital space, according to Preqin's latest Investor Outlook survey. Currently, Preqin tracks 818 Southeast Asia-focused private capital funds, collectively accounting for $57.9bn in assets under management and representing a compound annual growth rate of 16% between 2017 and 2022.
With the region's increasing growth and attractiveness to investors, Preqin is pleased to partner with SVCA to produce a fund performance benchmark report for the region, which aims to provide deeper insights into the performances of this market for those looking to invest in Southeast Asia.
Geetanjali Bhalotia, SVP, Head of Investor Data at Preqin says, "SVCA and Preqin have been long standing partners, with shared objective of growing private capital markets in Southeast Asia. We are delighted to elevate this collaboration through our new performance benchmark partnership, which 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 says, "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 are thrilled to be working with Preqin on this important initiative given their similar successful work in other markets and request all members to actively support this initiative."
With support from the SVCA, Preqin's team of researchers will be reaching out to fund managers of Southeast Asia-focused funds throughout September 2023 to collect performance data securely over an encrypted platform. Utilizing the data submitted, an anonymized and aggregated performance benchmark report will be made available – without cost – in the coming months. Produced half-yearly going forward, this report will provide updates for fund managers and investors to help them better benchmark against funds that are Southeast Asia-focused. The aim is ultimately to enhance reporting methods and to bring greater transparency to the region.
To guide fund managers on the data submission process, Preqin will also invite fund managers to a 1-hour workshop on 4 September 2023.
If you'd like to speak to Preqin's performance data team or submit your firm's performance data, please reach out to seaperformance@preqin.com.
For more information on all our global benchmarking initiatives, please visit: https://www.preqin.com/data/free-benchmarks
For more information on the press release, contact press@preqin.com or call (+65) 6305 2200.