Khairu Rejal

Stanley Ng, Global Partnerships Director at New Energy Nexus, has a message for climate founders: "Reach out. Connect. Leverage the ecosystem." New Energy Nexus is actively: ✅ Running programs for climate entrepreneurs ✅ Connecting companies with overseas counterparts who've tested similar business models and technologies ✅ Creating opportunities to learn from those who've been there before Why reinvent the wheel when you can learn from proven paths? The resources are there. The networks are ready. Your best chance of success comes from tapping into what already works. #ANDEMembers #ClimateEntrepreneurs #StartupSupport #GlobalConnections #ClimateInnovation #Entrepreneurship #ImpactVentures #SAC2025 #ANDESouthAsia2025

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⚡ Asia-Pacific at the Heart of the Global #EnergyTransition The latest UN Sustainable Development Goals Report 2025 highlights both progress and imbalance in the journey toward SDG 7 – Affordable and Clean Energy. Across the world, 92% of people now have access to electricity, up from 84% in 2010 — a major achievement driven largely by Asia-Pacific’s rapid expansion. 🌏 In Central and Southern Asia, the population without electricity fell from 414 million in 2010 to just 27 million in 2023. ⚙️ In Eastern and South-Eastern Asia, access now exceeds 98%. Yet even with these advances, 2.1 billion people globally still lack access to clean cooking solutions, and Asia continues to represent nearly half of that unmet need. 🔋 Renewable Energy & Efficiency – Momentum, But Not Enough The share of #renewables in total global energy consumption rose from 15.6% (2015) to 17.9% (2022). In the electricity sector, renewables accounted for 29.6% of all generation — triple the combined capacity in 2015. Asia-Pacific is leading this growth, driven by China, India and Southeast Asia — the region now accounts for 43.5% of global renewable electricity production. However, renewable capacity per capita still shows disparity: developed economies average 1,162 watts per person, while developing Asia averages 741 watts. Energy efficiency improved by 4.0% per year between 2022 and 2023, but the world remains off-track for the 2030 target. 💰 Investment & Access Gap International public financial flows to developing countries for clean energy reached USD 21.6 billion in 2023, up 27% from 2022, but still below the 2016 peak of USD 28.4 billion. 84% of that support went to solar, showing where momentum and private interest lie — yet, large financing gaps remain for small-scale renewables, energy storage, and off-grid systems in developing Asia and Pacific Island states. At #LRQA, we believe the transition must be measurable, transparent, and trusted. That’s why our teams across Asia-Pacific work alongside energy developers, manufacturers, financiers, and regulators to: ✅ Provide independent assurance, inspection, and certification across the renewable value chain — from wind and solar farms to hydrogen, grid infrastructure, and energy storage. ✅ Deliver #ESG and #Sustainability verification to ensure projects meet both local and international standards. ✅ Support organisations in managing risk and demonstrating credible progress toward net-zero goals. From large-scale solar in India and hydrogen initiatives in Australia to offshore wind and grid expansion across Southeast Asia — LRQA’s expertise helps build the trust and assurance that underpin a sustainable energy future. Because the energy transition isn’t only about technology — it’s about accountability, impact, and confidence. And that’s where LRQA can make a difference. Leanne Halliday Miguel Vela Scrimieri Timothy Toh Hanna Razif Ryan Bae Pravin Chavan Hank Yap Muthu kumaran B | #NetZero | #RiskManagement |

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Singapore is intensifying efforts to establish a high-integrity voluntary carbon market. The Monetary Authority of Singapore is collaborating with key ministries to address gaps in market demand, project supply, and infrastructure. The initiative aims to guide businesses in accessing high-quality carbon credits and encourage corporate climate action.

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The Singapore Economic Development Board (EDB) has partnered with TT Foundation Advisors (TTFA), the philanthropy advisory arm of Temasek Trust to launch a donor-advised fund (DAF) that will mobilise capital from family offices and foundations for projects that generate high-integrity Article 6 carbon credits under EDB's Carbon Project Development Grant. Announced at the start of the inaugural GenZero Climate Summit Insights 2025 on May 5, the partnership will enable private capital owners to participate alongside EDB in catalysing high-quality carbon projects, and further boost #Singapore's carbon market development while delivering climate, nature and community benefits.

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🇭🇰🇸🇬 Hong Kong startups’ global expansion demands deep, sector-specific groundwork. Ecosystem players — especially public institutions — must act as multi-dimensional bridges. This involves mapping regional demand, aligning with specific value chain strategies, and curating tailored networks. It can’t just be surface-level introductions. Investors are sometimes builders with the team and thus we do have the frontline experiences. Crucially, we need to rethink how we measure success. Simply gathering data one-way from startups for meeting those KPIs is not classified as “building”. Instead, trackable metrics like engagement frequency, domain knowledge, stakeholder seniority bring us the real picture. #Holistic 360 feedback involving the startups, their clients, and stakeholders speak way more than simply presenting a pptx. For founders, “going global” isn’t just about incremental growth. Fixating solely on deal size misses the point. It is a fundamental shift from a local player to an international entity — a “3D evolution” that reshapes operational mindset, market reach, and long-term competitiveness. Responding to this post as a beneficary shareholder, our portfolio companies in HKSTP (PanopticAI , Fano (Fano Labs) , ZENCE OBJECT TECH, Clear Robotics, Immuno Cure , Great Bay Bio 大湾生物, Aitrasound Medical Group , GenEditBio Limited, viAct, RaSpect, and others) did receive high-impact opportunities in regional markets. The deep tech ecosystem relies on the “sleeve-rolling” #builder —the people who dig in and focus on high-value, long-term work, who prioritize solid progress over phoning it in: 𝘆𝗼𝘂𝗿 𝘄𝗼𝗿𝗸 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗼𝗿𝗺𝘂𝗹𝗮 𝗳𝗼𝗿 𝗼𝘂𝗿 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺’𝘀 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗲𝗱 𝗵𝗲𝗮𝗹𝘁𝗵

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I found this very compelling. The Boston Consulting Group (BCG) + Temasek report highlights how adaptation and resilience - once seen as domains for governments - are rapidly becoming investable frontiers. With projected financing needs rising from $76 billion/year today to $1.3 trillion by 2030, this space is emerging as a critical, undercapitalized opportunity. The more I study it, the clearer it becomes: the real mispricing in climate finance is in adaptation. Mitigation dominates the headlines and investment flows, but adaptation, despite its urgency, remains underfunded, fragmented, and difficult to coordinate. Precisely because it is messy, localized, and often treated as a public responsibility, it holds enormous potential for private sector value creation. Subsectors like climate-resilient building materials, climate intelligence, flood defenses, adapted agriculture, water efficiency, and emergency services are not speculative moonshots. They are foundational to maintaining infrastructure, food security, and public health. Take climate-resilient building materials: the market is undervalued due to fragmented supply chains and regulatory ambiguity, yet demand is accelerating with urbanization and extreme weather. The issue does not seem to be lack of innovation, but the lack of coordinated capital and implementation capacity. What’s especially striking is that resilience is hyper-local. Unlike solar panels or EVs, which scale across borders, flood defense in Indonesia looks nothing like flood defense in Germany. This creates unique openings for regionally attuned, nimble capital. Kind of a long tail of climate investing. And yet, a crucial piece is missing. Governments have adaptation plans, businesses file risk disclosures, but the connective tissue - implementation -isn’t there. That’s where private equity can play a transformative role. As the report suggests: look where coordination is hardest; that’s where value creation can be most meaningful. Finally, adaptation investments often deliver multiple co-benefits, biodiversity, health, political stability, but are still priced as if they offer a single return stream. That’s a mispricing. The opportunity lies in undervalued externalities, especially in undercapitalized niches like modular flood barriers in secondary cities, for example, or stress-tolerant seeds in vulnerable regions. This is the kind of conversation we’ll be digging into at Casa Diálogo during COP30, not just why adaptation is essential, but why it’s increasingly investable. DM me if you are interested. :)

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The Uninsurable Horizon - the climate risk insurance gap will only continue to grow, until (1) insurers and corporates start contributing to the restoration of Nature and the water cycle, and (2) the GDP - Nature gap itself is championed and reduced through large scale direct investment. In order for the kind of scaling up required to make a real difference, this means a change in mindset as to how projects are assessed and funded. ➡️ One solution is direct funding of Nature restoration and conservation projects (small to large) where the insurance sector /investors supply greater volumes of equity risk funding, rather than protected / structured debt funding. Many worthy projects need earlier stage risk capital to break through the current funding access 'roadblocks'. ➡️ Another is blended finance, where public funding is pooled with insurance capital / other private investment capital to bridge the funding gap for larger structured project fundings. ➡️ Currently c.$200 billion p.a. from public and private sources is invested in nature-based solutions. This compares to c.$7 trillion p.a. invested in activities that harm nature (fossil fuels, unsustainable construction, industrial agriculture, etc.).  ➡️ More flexibility in approach and funding architectures are needed, in order to scale to $1 trillion plus. - More capital-at-risk project fundings - More project fundings in underserved EM countries - More Nature /restoration projects across the board - More blended finance projects that mitigate risks / support adaptation - Opening up the 'last mile' - direct investment by individuals / offerings through digital platforms and neo-bank / other finance platforms Further reading: Nature Protection in 2045: https://lnkd.in/dDJydfHJ The Great Restoration - A Proposed Global Environmental Framework: https://lnkd.in/dg6mZryg Managing Climate Impact Risk: https://lnkd.in/dhg6aT-c Societal Pivot Points: https://lnkd.in/dYsYKUS4 Overshoot: https://lnkd.in/dmzEgjEN Climate & System Change: https://lnkd.in/dQkPgY22 Restoring Nature's Green and Blue Lungs: https://lnkd.in/dMk3TvVq Nature and Water: https://lnkd.in/d6wbMGRV Towards Ecologically Wiser Management: https://lnkd.in/diVi6yr7

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Executed correctly, igniting and strengthening the innovation flywheel for any nation or region creates a long term economic strategic advantage. Call to continued action and perserverance for our eco-system partners (founders and builders, investors and believers), who have continued to work away tirelessly to help spark ideas, venture creation, startups scale up, connect the dots and navigate our daily new complexities. Granite Asia

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This week, Actis announced its acquisition of 800 Super Holdings Ltd — Singapore’s leading integrated environmental management platform — from Keppel (Fund Management & Investment) (KAIF) and Keppel (Infrastructure Division), subject to regulatory approvals. 🔗 Official release: https://lnkd.in/gaVpnmaE As one of only three licensed public waste collectors in Singapore, 800 Super Holdings Ltd spans waste, resource recovery, and green energy — a natural fit for ALLIF2’s strategy of contracted, government-backed revenues and operational excellence (See: https://lnkd.in/grHjbMa7). The OECD Asia waste management market was estimated to surpass US$290bn in 2023 and is on track to double by 2030, driven by urbanisation, regulatory tightening, and decarbonisation targets. Recent M&A activity reflects sustained investor demand for market-leading platforms with ESG at the core: 🔆 PT TBS Energi Utama Tbk’s acquisition of Sembwaste (now Cora Environment) from Sembcorp Industries Ltd (March 2025); 🔆 Séché Environnement’s acquisition of ECO Special Waste Management Pte Ltd and partnership with CVC DIF (November 2024); 🔆 EQT Group’s acquisition of KJ Environment (now Rena) from Genesis Private Equity, establishing a diversified waste-to-energy platform in South Korea (August 2024). Congratulations to all involved — especially Adrian Mucalov, De Zhao Yuen, and Hans Reinaldi — for leading the first Southeast Asian investment under the Core Long Life Infrastructure (ALLIF) strategy. This marks ALLIF2’s sixth portfolio company investment, with over two-thirds of capital now committed to brownfield operational infrastructure across growth markets in #Asia, #LatinAmerica, #CentralAndEasternEurope, and #MiddleEastAndAfrica. 🔗 See also: https://lnkd.in/gsAGP6hd and https://lnkd.in/gSRmzkSD. #SustainableInfrastructure #CircularEconomy #WasteManagement #InfrastructureInvesting #PrivateEquity #ImpactInvesting #ClimateFinance #Actis #800Super #Singapore #ESG #MergersAndAcquisitions

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I recently spoke with DealStreetAsia about why Asia is emerging as a defining market for climate and deep tech. For over fifteen years working in Asia, I’ve seen one paradox persist. The region combines strong economic fundamentals with some of the world’s highest exposure to energy, water, and climate constraints. At the same time, scientific progress in storage, materials, and process technologies is accelerating globally. The opportunity is to align that progress with the operating realities of Asian industry. At Antares Ventures, our work focuses on the hard problems behind the future of energy, cities, food, and humanity. These are concrete industrial needs where defensible technology and capital-efficient models can scale, and where Asia’s industrial groups and family enterprises can play a defining role. This is why we spend significant time building and refining a library of theses—grid technology, industrial heat, green hydrogen, data-centre cooling—before meeting any startup. With our global mandate, we take an origin-agnostic but region-committed approach. Breakthroughs may begin in North America or Europe, but their most meaningful pathways are in Asia. Expansion into the region is therefore a condition when we invest globally. Our current thematic work, Beyond Carbon and Silicon, reflects how these efforts come together. Across Singapore, Jakarta, Kuala Lumpur, and Bangkok, we have seen a clear shift among corporates and family groups who recognise how climate constraints and the rise of computing are reshaping the next generation of infrastructure—and creating a multi-trillion-dollar opportunity. At the same time, the ecosystem will only strengthen if more investors take a long-term view on deep tech. Our ambition may influence who we partner with, but we continue to collaborate with corporates, family groups, generalist VCs, and CVCs who are willing to take that view. The priority is to make these models investable across Asia’s growth markets. Thank you to Marsya N. for the depth of our conversation. You can support their journalism by subscribing to DealStreetAsia and reading the full discussion here: https://lnkd.in/g6ityzUT For those working along similar lines, I welcome the dialogue.

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𝗔𝘀𝗶𝗮’𝘀 𝘄𝗲𝗮𝗹𝘁𝗵 𝗿𝗮𝗰𝗲: 𝗔𝘀𝗶𝗮 𝗪𝗲𝗮𝗹𝘁𝗵 𝗮𝗻𝗱 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 & 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗠&𝗔 𝗳𝗼𝗿 𝟮𝟬𝟮𝟲 Our latest M&A outlook report, “Keeping up with the momentum”, highlights how Asia’s WAM & PE sectors are reshaping dealmaking; as competition, margin pressure, and demand for scale intensify in 2026. 𝗞𝗲𝘆 𝗠&𝗔 𝘁𝗵𝗲𝗺𝗲𝘀 𝗶𝗻 𝗪𝗔𝗠: - Growth in Asia’s HNW population is driving inbound investment into cross‑border wealth and asset platforms - Consolidation of asset managers to maintain profitability amid intensifying margin pressure in an increasingly competitive Asian market - Highly fragmented IAM sector faces rising operational costs as custodians demand greater scale -Traditional asset managers are acquiring private capital capabilities to expand alternatives offerings 𝗞𝗲𝘆 𝗠&𝗔 𝘁𝗵𝗲𝗺𝗲𝘀 𝗶𝗻 𝗣𝗘: - PE‑led M&A is being driven by extended holding periods and exit backlogs - Growing private capital interest in alternative financing and private credit - Increased interest in scaled distribution platforms in insurance and wealth - GP consolidation to drive new investment capabilities and increase fundraising scale Now more than ever, firms must double-down on their efforts to adapt to Asia’s evolving wealth needs, build scale to strengthen investment capabilities, and protect margins. Read the WAM & PE insights: https://okt.to/7O4ujG Download the full report: https://okt.to/YdsXa0 Key contacts: Dustin Ball, Rebecca Truong, Trina Tam, Gellért V. #Wealth #Asset #Management #PE #MergersandAcquisitions #Asia #FinancialServices #AMon

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Bloomberg article on how Asian Private Credit is performing vs the stress witnessed in US private credit market. At Keppel Credit, we distinguish our strategy through a rigorous sector-specific lens in industries where Keppel has built an extensive track record. By prioritizing essential services in the infrastructure space, we have zero exposure to software business models and the "valuation traps" currently plaguing Western tech-heavy portfolios. #keppel #keppelcredit #privatecredit #infrastructure

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🚀 Asia’s investment landscape is shifting faster than ever. Are you keeping up? Next week, the ecosystem’s brightest minds—VCs, LPs, corporate innovators, and visionary founders—are converging at the HKVCA Asia Venture Capital Forum (AVCF) 2026. If you are deploying capital, building Web3 infrastructure, or scaling a startup in Asia, this is the room you need to be in. We are moving past the macro noise and diving straight into the structural shifts defining 2026. This year’s tracks are incredibly timely, covering: 🇨🇳 The China Equation: Navigating new paradigms and uncovering where the smart money is moving in the mainland. ⛓️ Web3 Integration: The explosive growth of real-world asset tokenisation and how stablecoins are becoming the ultimate cross-border facilitators. 📊 The LP Pulse: An unfiltered look at institutional investors' current sentiment, asset allocation, and what it actually takes to raise a fund today. 🏢 Corporate Capital: How CVCs are reshaping cap tables, driving strategic M&A, and accelerating innovation. 🌱 Nurturing Startups: Hands-on strategies for supporting early-stage founders through the critical phases from seed to scale. 📅 Event Details Date: Next Tuesday, March 24, 2026 Location: HKEX Connect Hall, Hong Kong Registration: avcf.hkvca.com.hk Whether you're looking to understand institutional appetite, explore tokenised assets, or just connect with the absolute best in the business—AVCF 2026 is the catalyst. Let's shape the future of venture and private capital in Asia together. Who from my network is attending? Drop a 🙋‍♂️/🙋‍♀️ in the comments below, and let's grab a coffee there! ☕👇 #HKVCA #VentureCapital #PrivateEquity #AVCF2026 #HongKong #Tokenisation #Stablecoin #CVC #LP #Startups

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GIC joined thought leaders from across the world at the Milken Institute Asia Summit 2025 to share our perspectives on navigating complexity and identifying long-term opportunities amid global uncertainty. Group Chief Investment Officer Bryan Yeo discussed the opportunities and risks he sees in AI, private markets, and Asia. Ankur Meattle, Managing Director, Head of Funds & Co-Investments, Asia, Private Equity, spoke about the evolving private equity dealmaking landscape in Asia, while De Rui Wong, Senior Vice President, Sustainability Office, highlighted the competitive advantage for businesses investing in climate adaptation ahead of their peers. Swipe for key quotes from each panel and watch the full sessions below: “Global Investment Outlook” with Bryan Yeo: https://lnkd.in/e8Ai8wxj “Asia's Alternative Edge” with Ankur Meattle: https://lnkd.in/e8Ai8wxj “The Global Imperative for Investing in Climate Adaptation” with Wong De Rui: https://lnkd.in/gPTqnYpT #GIC #GICSG #investing #InvestedInOurFuture

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Low Carbon Rice (pilot trial) Asia accounts for 90% of global rice production. Rice planting produces methane which is > 25X more potent than CO2 in trapping heat. Traditional rice planting produces ~6 tonnes greenhouse gases (GHG) per hectare per season (3 season per year). Together with partners from public, private and people sector, we are hoping to halve that GHG emissions through different techniques, innovations and emerging technologies. https://lnkd.in/g7qCZ73P (video) Li Lang Heng Geraldine Lek Shruthi Kumar (ശ്രുതി കുമാർ) Anders Soh Germaine Kok Livia Chng Khanh Tran Touchstone Partners Temasek Foundation

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Onsite in Korea - last week we delivered the keynote at the 2025 Global Eco-Innovation Forum, organized by the Korean government to coincide with the Regional APEC SME conference. With Mr. Paul Teng, as our keynote speaker. Food systems continue to contribute up to 30% of global greenhouse gas emissions. Climate-smart innovations can help reverse this trend - From resilient crops and regenerative agriculture to digital tools, novel proteins, and smarter water management, these innovations strengthen food security and resilience for local communities. Food system transformation is already under way and we continue to invest in its future. #APEC2025 #EcoInnovation #ClimateAction #SustainabilityLeadership #FutureOfFood #SMEs #AsiaPacific

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AIF APAC’s Fall Investor Forum and Investing At Scale Summit was a tremendous success, and a strong example of how AIF is bringing institutional investors together from around the globe to exchange ideas, advance best practices, and support the mission-driven role of institutional capital. The program convened leading investors in Tokyo, Japan on October 23, where delegates — including those from Korea Post, Apollo Global Management, and Bpifrance — discussed recent developments in the institutional investor landscape in Japan and throughout the region. At the Symposium, investors explored how to invest at scale, addressing the unique needs of large institutions, especially during periods of heightened economic volatility and evolving global market conditions. Against this backdrop, Japan’s largest institutional investor made notable strategic moves. The Government Pension Investment Fund (GPIF) announced, alongside its Annual 2024 Report  September, that it would begin investing in alternatives independently for the first time. GPIF also reinforced its commitment to sustainability and stewardship earlier in the year, signaling plans to increase impact investments — momentum that had already encouraged other institutions to follow suit.

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