10/09/2024
๐๐ฒ๐ป๐ฒ๐๐ถ๐ ๐๐น๐๐ฒ๐ฟ๐ป๐ฎ๐๐ถ๐๐ฒ ๐ฉ๐ฒ๐ป๐๐๐ฟ๐ฒ๐ ๐ฅ๐ฎ๐ถ๐๐ฒ๐ ๐จ๐ฆ$๐ญ๐ฎ๐ฑ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐ฆ๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐ฉ๐ฒ๐ป๐๐๐ฟ๐ฒ ๐๐ฒ๐ฏ๐ ๐๐๐ป๐ฑ
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.
Weโre 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.