Validus, a Singapore-headquartered financing platform for small to medium-sized enterprises (SMEs) in Southeast Asia, has raised $20 million in a Series B+ round co-led by Vertex Growth and Orion Fund.
Vertex Growth is a fund focused on growth-stage opportunities managed by Vertex Ventures, the VC arm of Temasek Holdings. Orion Fund is a fund managed by K3 Venture Partners, the family office associated...
BRI Ventures, a unit of Bank Rakyat Indonesia has reached the first close of IDR150 billion ($11 million) on its locally incorporated tech venture fund.
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has teamed up with financial technology investor Finch Capital to form a $40 million fund targeting early-stage investments in Southeast Asia.
Hong Kong Chief Executive Carrie Lam has reaffirmed the territory’s commitment to providing certainty on the tax treatment of carried interest as part of efforts to consolidate its position as a private equity hub.
Swapping a traditional fund for a less familiar corporate vehicle represented a gamble for Equis, but the Asian infrastructure manager was confident its approach would make sense to a subset of investors