10/09/2024
𝗚𝗲𝗻𝗲𝘀𝗶𝘀 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 𝗥𝗮𝗶𝘀𝗲𝘀 𝗨𝗦$𝟭𝟮𝟱 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗳𝗼𝗿 𝗦𝗲𝗰𝗼𝗻𝗱 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗗𝗲𝗯𝘁 𝗙𝘂𝗻𝗱
We're grateful to announce the close of our second hashtag fund with total commitments of US$125 million.
This marks a significant milestone for our firm as we continue to support innovative startups across Southeast Asia.
We're thrilled to welcome Mizuho Bank as a Limited Partner in Fund II and equally proud to announce that Mr Philip Yeo, former Chairman of Singapore's Economic Development Board, has joined our Advisory Board.
Fund II welcomes back over 80% of investors from Fund I, including Aozora Bank, Korea Development Bank, Mizuho Leasing, Sassoon Investment Corporation (SassCorp) and Silverhorn Group. New and notable investors in Fund II include Japanese mega bank, Mizuho Bank, and OurCrowd, the online global investing platform.
We’re actively deploying from Fund II into promising startups around the region, helping them achieve rapid and sustainable growth while minimizing equity hashtag for all stakeholders.
Learn more about how Genesis is making a difference in the Southeast Asian tech ecosystem: https://www.genesisventures.co/genesis-alternative-ventures-raises-us125-million-for-second-venture-debt-fund/
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Genesis Alternative Ventures has raised total commitments of US$125 million for its second Southeast Asia-focused venture debt fund.