Funds Still Flowing Into Private Markets, but Investors More Selective

*This article was first published on *The Straits Times

Data from research firm PitchBook notes that venture capital channelled into crypto start-ups in the third quarter totalled US$4.44 billion, down 37 per cent from the same period last year.

But some investors are still scouting for good deals, given that valuations are cheaper.

Mr Chua Kee Lock, chief executive of venture capital firm Vertex Holdings, said now is the "best time" to invest in early-stage businesses, adding: "We have also observed greater fund-raising efforts, especially in the healthcare, cloud services, logistics and fintech sectors.

"In a post-pandemic world, these are the key sectors contributing to the economy's growth and we could potentially see the next unicorn emerging from these sectors."

Read the full article on The Straits Times

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