Shadow Capital Steps into the Limelight

December 10, 2020

Given Covid-19 and the economic uncertainties it created, it is no surprise that 2020 saw a slump in deal flow, tracking at just over US$5B through the first three quarters of the year. Indonesia and Vietnam continue to be the markets with the most growth in terms of deal activity over the last five years, and shadow capital is becoming a prominent feature of investing in SE Asia and a source for patient capital for high growth businesses. Regional fund investors find themselves competing with shadow counterparts for deals and, importantly, talent. Read the full report HERE

Source: Bain & Company