Fifth Vickers Venture Fund raises S$86m in first closing

Singapore

VICKERS Venture Partners on Thursday announced that it has raised S$86 million in the first close of its fifth Vickers Venture Fund, set to be the largest fund raised by a Singapore-based venture capital firm.

Vickers said that Fund V has a target size of S$340 million and a cap of S$540 million. The first S$86 million amassed is raised entirely from existing investors, Vickers added.