The Business Times: Wavemaker closes third South-east Asia fund at US$111m

SINGAPORE-BASED deep-tech investor Wavemaker Partners closed its third South-east Asia fund on June 19 at US$111.5 million, surpassing its target of US$100 million.

The fund is anchored by returning investors Temasek, Pavilion Capital and International Finance Corporation; its new investors include Concentric Equity Partners, the investing arm of Chicago-based Financial Investments Corporation and Vulcan Capital, the investment arm of the late Microsoft co-founder Paul Allen’s Vulcan Inc.

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