HK’s Delphinium in $16m first close on female-focused fund
Delphinium Capital Partners, a Hong Kong-based GP formed by Harmony Asset Management executive Vivian Yan, has reached a first close of $16 million on its debut fund, which focuses on Asian female-led companies.
The Delphinium Female Leadership Fund I has received commitments from several family offices and entrepreneurs. The firm said in a release that it is also in negotiation with institutional investors and foundations for potential commitments.
Founded in October 2016, the GP is seeking to provide growth capital to mid-sized companies operating in Asia with strong female participation at CEO, CFO and COO level. The objective is to address the gender financing gap in entrepreneurship.
Delphinium is supported by a group of businesswomen, including Ka Shi Lau, managing director and CEO of BCT Group Ming San Kwan, founder of A&K Consulting and former COO of Alibaba Group, Shelly Painter, regional managing director of Vanguard's Asia Business.
"We are very excited with the opportunity to nurture and showcase successful female business leaders and their businesses. We believe our emergence on the scene can help bring better awareness to the issue of gender diversity within the industry,” said Yan.
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