SBI, FMO to launch $80m emerging Asia financial fund
Japan’s SBI Holdings and Netherlands Development Finance Company (FMO) will jointly roll out a new fund to invest in financial services across emerging Asia. The fund will have a target size of up to $80 million and is seeking a first close of $60 million. It already has 85% of the capital required for the first close.
The fund will be managed by SBI Ven Capital Singapore, a mid-market regional VC player affiliated to SBI Group. Emerging Asia is expected to continue growing at a healthy pace in the context of rising...
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