OSK Ventures International Bhd has exited its investment in Alternatives.pe following the acquisition of the Singapore-based private market data provider by Japanese business intelligence firm Uzabase Inc.
Uzabase announced the deal on March 16 and completed the acquisition on April 1. The value of the transaction was not disclosed.
OSK VI held a minority stake in Alternatives.pe through its ET Fund II, which focuses on Southeast Asia’s new economy companies. The exit was achieved within two years of the initial investment.
Executive director Amelia Ong said the trade sale marks a successful outcome, adding that Alternatives.pe is now positioned to scale further as part of a larger private market data group.
OSK VI had also been a user of the platform prior to investing, leveraging it for valuation and stakeholder reporting purposes.
Founded in 2019, Alternatives.pe has developed one of the largest private market databases in Southeast Asia, covering over 350,000 companies. Its data is primarily sourced from official government filings, offering higher accuracy compared to platforms that rely on web-based or crowdsourced information.
Ong said the investment was driven by a clear gap in the region, where institutional-grade private market data — comparable to platforms like PitchBook in Western markets — remains limited. Alternatives.pe addressed this need with its proprietary, filings-based database.
She added that private market allocations in Asia-Pacific have been growing at a high-teens compound annual growth rate, alongside a steady increase in the number of private market firms.
At the time of OSK VI’s investment, Alternatives.pe held an estimated 31% market share among venture capital firms actively investing in Southeast Asia, positioning it as a leading first mover in the space.
On the exit decision, Ong noted that the acquisition by Uzabase offered strong strategic value, enabling faster growth for Alternatives.pe than it could achieve independently.
She emphasised that OSK VI adopts a flexible investment approach, focusing on delivering meaningful returns rather than adhering to fixed holding periods. The firm maintains close engagement with its portfolio companies, including access to operational metrics and early preparation for potential exits.
Uzabase, which operates the Speeda business intelligence platform and NewsPicks media outlet, said the acquisition supports its goal of becoming Asia’s leading economic information platform by 2028. It plans to integrate Alternatives.pe’s Southeast Asia and Australia datasets into Speeda’s global network.
