The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    The firm said it “periodically reviews its organisational structure” to ensure it remains aligned with its strategic priorities and long-term business needs.

    CapitaLand Investment retrenches 90 Singapore staff in 2026 as part of restructuring

    The list names (clockwise from top left) Meta’s Eduardo Saverin, CDL’s Kwek Leng Beng, Sea’s Forrest Li, Sheng Siong’s Lim Hock Chee, FEO’s Robert and Philip Ng.

    Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide

    Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

    Can Bali swop beach capital for global capital without the skyscrapers?

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More