Chetan Mehta to head A.P. Moller’s Asian investments unit

Denmark-based A.P. Moller Holding , the parent company of A.P. Moller-Maersk, is establishing a new office in Singapore to pursue investments in Asian growth stage companies. Chetan Mehta, head of growth investing at the firm, will lead the new Asia office.The investment company is funded by the Maersk family and manages over USD 50 billion in net assets. It intends to target late-stage companies, ranging from Series C startups to IPO-stage firms, with planned investments typically between Euro 20 million and Euro 80 million. It will focus on the applied technology sector, covering areas such as AI supply chains, fintech, healthcare, and robotics across China, India, Southeast Asia, Australia, and New Zealand.