Temasek's venture arm Vertex to launch new Israel, US funds in 2018: CEO

Hong Kong

VERTEX Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the US in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.

The funds will target a size of about US$150 million each, the same size as the existing funds for those countries, Kee Lock Chua, group president and CEO of Vertex, said. "The funds will be about the same size, give or take 20 per cent."