ADDX fractionalises venture debt fund by Temasek unit, UOB joint venture
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Uma Devi
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.
