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ADDX fractionalises venture debt fund by Temasek unit, UOB joint venture

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Uma Devi

Uma Devi

Published Wed, Dec 7, 2022 · 05:00 AM
    • Choo Oi Yee, chief executive of ADDX, says venture debt is poised to grow.
    • Choo Oi Yee, chief executive of ADDX, says venture debt is poised to grow. PHOTO: ADDX

    PRIVATE market exchange ADDX on Wednesday (Dec 7) said it has fractionalised a venture debt fund.

    Known as Innoven Sea Fund I, it is a vehicle by Innoven Capital, which is a joint venture between Temasek’s wholly-owned subsidiary Seviora Holdings and UOB.

    This move cuts the minimum subscription size for individual accredited investors to US$20,000 from US$5 million, according to the company. 

    ADDXTemasekUOB

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