Middle East investors back Southeast Asia-focused PE funds in diversification move

Middle Eastern institutional investors are keen to leverage the growing economies of Southeast Asia as they diversify their portfolios amid escalating tensions between China and the West, according to TVM Capital Healthcare, a Dubai and Singapore dual-headquartered private equity firm.

“Middle Eastern family offices used to focus almost exclusively on the US and Europe. They did not look at Asia, and that’s changing now,” said Helmut Schuehsler, chairman and CEO at TVM Capital Healthcare after his firm announced the closing of its…