Genesis Alternative Ventures Launches US $150 Million Second Venture Debt Fund

Venture debt provider, Genesis Alternative Ventures, has launched its second venture debt fund, with a target of US$150 million. About half of fund II’s target has been raised at the first close earlier in August. The first close had 80 per cent of fund commitments come from existing limited partners, Sassoon Investment, Aozora Bank, Korea Development Bank, Mizuho Leasing and Silverhorn among others. New investors also include OurCrowd, an Israel-based global venture investing platform.

For full Business Times article (25 Aug 2022))

Genesis Alternative Ventures, a private lender to ventures and growth-stage companies, is looking to raise $150 million for a second fund to finance startups across Southeast Asia. The Singapore-based firm has raised almost half of the fund at first close this month, with commitments from existing investors including Sassoon Investment Corp., Aozora Bank, Korea Development Bank, Mizuho Leasing and Silverhorn, Genesis said in a statement Thursday. Israeli investment firm OurCrowd Ltd. has joined as a new backer.

For full Bloomberg article (25 Aug 2022)

Genesis Alternative Ventures, a private lender to ventures and growth-stage companies, is looking to raise US$150 million ($209.1 million) for a second fund to finance startups across Southeast Asia.

For full The Edge Singapore article (25 Aug 2022)

Following the success of its debut $90million fund in 2019, Singapore-based venture capital firm Genesis Alternative Ventures has launched its second venture debt fund to raise $150m million to finance start-ups across Southeast Asia.

For full Technode Global article (25 Aug 2022)

Genesis Alternative Ventures第二次推出创投债务基金，筹集1亿5000万美元（2亿零870万新元）来资助东南亚起步公司。上一轮是在2019年，基金总额为9000万美元，已投资25家起步公司，其中两家是独角兽公司，即数据平台Matterport和金融服务平台Akulaku。

For full Lianhe Zaobao article (30 Aug 2022)