11 February 2026
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GPCA EVENTS

Meet the LPs: In Conversation with JICA

24 February 2026, 8-8:30am EST | Virtual

This 30-minute Global Member Meetup will feature the Japan International Cooperation Agency (JICA). The Meet the LPs series is for GPCA Members interested in building relationships with institutional investors active in global private markets. Members will have the opportunity to participate in an interactive Q&A for unscripted sharing on private capital trends.

Featured Speaker

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INDUSTRY EVENTS

GPCA at GVCC and MEVCA Investors Summit

Abu Dhabi

Cate Ambrose and Carlos Ramos de la Vega represented GPCA at the 2026 Global Venture Capital Congress, cohosted with the Middle East Venture Capital Association (MEVCA). The Middle East has become a center of gravity for private capital globally, and in 2025, venture capital reached a historic record across investments and fundraising. GPCA joined investor organizations from Hong Kong, Japan, Vietnam, Europe, Britain, Brazil, among others.

GPCA also participated in the MEVCA Investors Summit for the panel “A Shift in Capital Flows: Rethinking Influence in Global VC,” alongside GVCC Chairman Johnny Chan, Eric de Montgolfier of Invest Europe, Bobby Franklin of National Venture Capital Association and Melissa Guzy of Hong Kong Venture Capital and Private Equity Association (HKVCA).

Our thanks to GVCC Chairman Johnny Chan and outgoing MEVCA Chairperson and GPCA Board Member Noor Sweid.

GPCA EVENTS

Recap: Asia Members Meeting

4 February 2026 | Singapore

GPCA’s first Asia Members Meeting of the year, "China Revisited," explored the shifting dynamics of capital allocation in China after several years of reduced investment. The meeting featured insights from Rebecca Xu of Asia Alternatives, David Huang of StepStone Group, Carmen Liu of Control Risks and Nat Bush of DLA Piper.

Key takeaways:

► Backed by international capital, technology, and talent, Chinese entrepreneurs are expanding globally while navigating unfamiliar risks such as labor regulations and listing controls.

► Chinese private capital remains focused on building and scaling businesses domestically. Multinationals are retaining minority stakes in assets sold to local investors, particularly those expanding into tier 3–5 cities.

► Economic growth has been concentrated in Chinese tier 1–2 cities, but consumer demand is accelerating in tier 3–5 cities, with ~800 million people starting to enter the middle class. China’s ~300 million seniors also represent significant spending power, especially in healthcare.

The meeting also spotlighted our Southeast Asia Women Investors Directory, developed in partnership with Investing in Women, with Fernanda Lima of LeapFrog Investments and Helen Wong of ACV Capital in attendance.

Save the date for our next Asia Members Meeting on 10 June 2026.

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Industry News

INVESTMENTS

► KKR and Singtel agreed to acquire the remaining 82% stake in STT GDC, a Singapore-based data center colocation services provider, for USD5.1b. #Asia

► China-based AI platform StepFun raised a CNY5b+ (~USD717m+) Series B+ from Tencent, Qiming Venture Partners, 5Y Capital and others. #Asia

► FountainVest Partners agreed to acquire a 92% stake in Jixiangju, a China-based manufacturer of pickled vegetables and sauces, facilitating an exit for HongShan. #Asia

► Haveli Investments acquired a majority stake in India-based contract management platform Sirion. #Asia

► Peak XV Partners led a USD11m Series A for HeyMax, a Singapore-based travel and loyalty rewards platform, with participation from Betatron Venture Group, as well as follow-on from January Capital and Tenity. #Asia

► RMB Corvest and Shalamuka Capital have acquired a minority stake in South Africa-based original equipment manufacturer Process Automation. #Africa

► XP Investimentos invested in the "Pulp Route" highway concession in Brazil, a logistics initiative aimed at strengthening supply chains for the eucalyptus pulp industry in the Mato Grosso do Sul region. #LatinAmerica

► KASZEK led a USD27m Series B for Tapi, an Argentina-based payments processor, with participation from Endeavor Catalyst and Latitud. #LatinAmerica

► Lithuania-based capital markets infrastructure provider Axiology raised a EUR5m (~USD5.9m) seed round led by Exponential Science, e2vc and Coinvest Capital. #CEE

► Prosus Ventures and Salica Oryx Fund led a USD5m seed round for UAE-based recruitment platform Qureos, with participation from Oraseya Capital, Plus VC, F6 Ventures and others. #MiddleEast

FUNDRAISING

► Hengxu Capital reached a CNY2b+ (~USD287.6m+) first close for its fourth fund focused on investing in emerging deeptech industries across China. The vehicle has a CNY3.5b (~USD503.3m) target. #Asia

► Linzor Capital Partners reached a ~USD200m final close for its fourth fund focused on essential services and digital transformation across Mexico, Chile, Peru and Colombia. #LatinAmerica

► Proparco invested in Helios Climate Fund, focused on investing in businesses that support and accelerate a low-carbon transition across Africa. #Africa

► European Investment Bank invested USD80m in Apis Partners’ third growth fund, focused on high-growth, technology-enabled financial services companies across Africa and Asia. #Africa

EXITS

► Everstone agreed to fully exit its 11.26% stake in Restaurant Brands Asia, the operator of Burger King in India and Burger King and Popeyes in Indonesia, for INR4.6b (~USD50.7m). #Asia

► PAG fully exited China-based fertilizer producer Anyang Nitrogen Fertilizer via a sale to Indorama Corporation. #Asia