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

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.