Indies Capital bets on boom in South-east Asian unicorns with secondaries play
The Singapore-based firm hit the first close of its second fund focused on regional tech secondaries
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Singapore
STARTUP secondaries - or shares held by founders, early employees and investors - present a unique investment opportunity, reckons Harold Ong, partner of alternative asset manager Indies Capital Partners.
Back in 2018, the Singapore-based firm launched Indies Pelago Investments (Fund I), to invest in secondaries of South-east Asian startups - whether by buying them from employees or early-stage investors. Fund I raised just over US$70 million.
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