PROJECT

Projects

Summary of Investment Information

Project Number

46894

Company Name

VERTEX VENTURES SEA MANAGEMENT PTE. LTD.

Date SPI Disclosed

Aug 15, 2022

Country

Singapore

Region

East Asia and the Pacific

Projected Board Date

Sep 23, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 16, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Nov 9, 2022
Signed : Dec 12, 2022
Invested : Jun 14, 2023

Sector

Venture Capital Fund

Project Description

   The proposed investment is an equity investment of up to US$20 million in Vertex Ventures (SG) SEA V LP, (“Vertex” or “the Fund”), a Singapore domiciled fund focused on investing in early-stage technology companies in Southeast Asia and India. The fund is a Singapore Limited Partnership that is managed by Vertex Ventures SEA Management Pte. Ltd., a Singapore-based fund manager. The IFC is also requesting a US$20 million delegated authority co-investment envelope.

Associated Advisory Engagement

There are no Advisory Engagements associated with this project at this stage.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation