Preqin Territory Guide: ASEAN 2022

 

 

The ASEAN private equity and venture capital industry entered a new phase of growth in 2021, with venture capital deal activity reaching a record $20bn, and is attempting to sustain the momentum despite headwinds. While macro tailwinds supporting long-term growth in the region over the past few years remain intact (particularly given its rapidly emerging middle class and increasing digital adoption), macro headwinds such as geopolitical tensions, rising oil prices, inflation, and interest rates have prompted investors to be selective in identifying companies that can tap on the region’s growth while maintaining strong balance sheets.

Key ASEAN Territory Guide 2022 facts:

  • Venture capital deal activity in ASEAN soared in 2021, reaching a record $20bn
  • The aggregate deal value for ASEAN in 2021 was 35% higher than the 2019 and 2020 levels combined, and 85% higher than the last peak of $11bn in 2018. Most of the deals in 2021 were in Singapore and Indonesia, which accounted for 46% and 37% of the aggregate deal value in ASEAN respectively
  • Information technology, as a sector, continues to dominate the venture capital deals made in ASEAN. There were 379 deals made with an aggregate deal value of $6.7bn in this sector in 2021

Download our report to discover the sectors and regions where deal-making is strongest.

Don't miss Cameron Joyce, SVP Deputy Head of Research Insights on BFM89.9, where he shares the outlook of ASEAN PEVC landscape.

 

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')); // A11y: Live region to announce result count / status to screen readers (WCAG 4.1.3) $inputField.closest('.formField-inputWrapper--companyName').after( '
' ); // Find the container (assuming it's the direct parent with the class) const $container = $inputField.closest('#formField--companyName'); // Demo display element const $idDisplaySpan = $('#selected-id-display span'); let $resultsContainer = null; let $resultsList = null; let valueWasSelected = false; // Flag to track if the current value is from selection let responseData = null; // Store the response data // --- Helper Functions --- function ensureResultsListExists() { if(!$resultsContainer || $resultsContainer.length === 0) { $resultsContainer = $container.find('.autocomplete-results'); if($resultsContainer.length === 0) { $resultsContainer = $('
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      ').attr({ 'id': 'company-autocomplete-listbox', 'role': 'listbox', 'aria-label': 'Company suggestions' }); $resultsContainer.append($resultsList); $container.append($resultsContainer); } else { $resultsList = $resultsContainer.find('ul'); if($resultsList.length === 0) { // A11y: Create
        with listbox role so screen readers treat items as selectable options $resultsList = $('
          ').attr({ 'id': 'company-autocomplete-listbox', 'role': 'listbox', 'aria-label': 'Company suggestions' }); $resultsContainer.append($resultsList); } } } $resultsList.empty(); return $resultsList; } function hideResults() { if($resultsContainer && $resultsContainer.length) { $resultsContainer.hide(); if($resultsList) { $resultsList.empty(); } } // A11y: Collapse combobox and clear active descendant when results are hidden $inputField.attr('aria-expanded', 'false'); $inputField.removeAttr('aria-activedescendant'); if(currentRequest) { currentRequest.abort(); currentRequest = null; } } // Function to clear the stored ID function clearSelectedId() { $hiddenFirmIdInput.val(''); valueWasSelected = false; $idDisplaySpan?.text('(None)'); // Update demo display // console.log("Hidden ID cleared"); } // Function to handle selection (from click or Enter key) function handleSelection($selectedItem) { if(!$selectedItem || $selectedItem.length === 0 || $selectedItem.hasClass('autocomplete-message')) { return; // Do nothing if no valid item or it's a message } const selectedText = $selectedItem.text(); const selectedId = $selectedItem.data('company-id'); // Retrieve stored ID if(selectedId) { $inputField.val(selectedText); // Update visible input $hiddenFirmIdInput.val(selectedId); // Update hidden input valueWasSelected = true; // Mark that selection occurred $idDisplaySpan?.text(selectedId); // Update demo display // console.log("Selected:", selectedText, "ID:", selectedId); hideResults(); $inputField.trigger('change'); // Optional: Trigger change event for other listeners } else { console.warn('Selected item missing company ID data:', $selectedItem); hideResults(); // Hide results even if ID is missing } } // --- Event Handlers --- $inputField.on('input', function() { const currentInputValue = $(this).val(); const searchTerm = currentInputValue.trim(); // CRITICAL: If the user types anything, clear the previously selected ID // Only clear if the flag 'valueWasSelected' is true, meaning the last change // wasn't already a manual input modification. if(valueWasSelected) { clearSelectedId(); } // We always set valueWasSelected to false here, because *any* input // event means the current value is potentially manual, until a selection happens again. valueWasSelected = false; clearTimeout(debounceTimer); if(currentRequest) { currentRequest.abort(); currentRequest = null; } if(searchTerm.length === 0) { hideResults(); clearSelectedId(); // Also clear ID if input is emptied return; } debounceTimer = setTimeout(() => { const $currentResultsList = ensureResultsListExists(); $currentResultsList.html('
        • Searching...
          • '); $resultsContainer.show(); currentRequest = $.ajax({ url: `${apiUrl}?size=10&term=${encodeURIComponent(searchTerm)}`, method: 'GET', dataType: 'json', success: function(responsePayload) { $currentResultsList.empty(); responseData = []; let hasResults = false; if(responsePayload && Array.isArray(responsePayload) && responsePayload.length > 0) { responseData = responsePayload; $.each(responsePayload, function(index, item) { if(item && item.name && item.id) { // Ensure name and ID exist // A11y: Each suggestion is an option with a unique id for aria-activedescendant $('
        • ') .text(item.name) .attr({ 'role': 'option', 'id': 'company-option-' + index, 'aria-selected': 'false' }) .data('company-id', item.id) // Store ID using jQuery's data() .appendTo($currentResultsList); hasResults = true; } }); } if(hasResults) { $resultsContainer.show(); // A11y: Expand combobox and announce result count to screen readers $inputField.attr('aria-expanded', 'true'); var count = $currentResultsList.find('li[role="option"]').length; $('#company-autocomplete-status').text(count + ' suggestion' + (count !== 1 ? 's' : '') + ' available. Use up and down arrows to browse.'); } else { $currentResultsList.html('
        • No matching companies found.
          • '); $resultsContainer.show(); // A11y: Announce no results to screen readers $inputField.attr('aria-expanded', 'false'); $('#company-autocomplete-status').text('No matching companies found.'); } currentRequest = null; }, error: function(jqXHR, textStatus) { if(textStatus !== 'abort') { console.error('Autocomplete API Error:', textStatus, jqXHR); ensureResultsListExists().html('
        • Error fetching results.
          • '); $resultsContainer.show(); // A11y: Announce error to screen readers $inputField.attr('aria-expanded', 'false'); $('#company-autocomplete-status').text('Error fetching company suggestions.'); } currentRequest = null; } }); }, debounceDelay); }); // Handle click on a suggestion item (delegated to container) $container.on('click', '.autocomplete-results li', function(e) { handleSelection($(this)); // Pass the clicked LI to the handler }); // A11y: Sync aria-selected and aria-activedescendant on mouse hover for consistency $container.on('mouseenter', '.autocomplete-results li[role="option"]', function() { var $items = $resultsList.find('li[role="option"]'); $items.removeClass('active').attr('aria-selected', 'false'); $(this).addClass('active').attr('aria-selected', 'true'); $inputField.attr('aria-activedescendant', $(this).attr('id')); }); $container.on('mouseleave', '.autocomplete-results li[role="option"]', function() { $(this).removeClass('active').attr('aria-selected', 'false'); $inputField.removeAttr('aria-activedescendant'); }); // Keyboard navigation and selection/dismissal $inputField.on('keydown', function(e) { if(!$resultsContainer || !$resultsContainer.is(':visible')) { // If results not visible, ESC shouldn't do anything special here return; } const $items = $resultsList.find('li:not(.autocomplete-message)'); if(!$items.length && e.key !== 'Escape') { return; } // No items to navigate (but allow ESC) let $currentActive = $items.filter('.active'); let currentIndex = $items.index($currentActive); switch(e.key) { case 'ArrowDown': e.preventDefault(); currentIndex = ($currentActive.length === 0) ? 0: (currentIndex + 1) % $items.length; $items.removeClass('active').attr('aria-selected', 'false'); $items.eq(currentIndex).addClass('active').attr('aria-selected', 'true'); // A11y: Point aria-activedescendant to the focused option so screen readers announce it $inputField.attr('aria-activedescendant', $items.eq(currentIndex).attr('id')); break; case 'ArrowUp': e.preventDefault(); currentIndex = ($currentActive.length === 0) ? $items.length - 1: (currentIndex - 1 + $items.length) % $items.length; $items.removeClass('active').attr('aria-selected', 'false'); $items.eq(currentIndex).addClass('active').attr('aria-selected', 'true'); // A11y: Point aria-activedescendant to the focused option so screen readers announce it $inputField.attr('aria-activedescendant', $items.eq(currentIndex).attr('id')); break; case 'Enter': e.preventDefault(); // IMPORTANT: Prevent form submission if($currentActive.length) { handleSelection($currentActive); // Use the selection handler } else { // Optional: Hide results if Enter is pressed without a selection hideResults(); } break; case 'Escape': // ESC key dismisses e.preventDefault(); hideResults(); break; case 'Tab': // Tab key dismisses hideResults(); break; } }); // Hide results when clicking outside $(document).on('click', function(e) { // Check if the click is outside the input AND outside the results container if(!$inputField.is(e.target) && !$container.is(e.target) && $container.has(e.target).length === 0) { if($resultsContainer && $resultsContainer.is(':visible')) { hideResults(); } } }); // Initial state check (optional) if($hiddenFirmIdInput.val()) { $idDisplaySpan?.text($hiddenFirmIdInput.val()); valueWasSelected = true; // Assume pre-filled value was selected } });

           

 

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