Earlier this month, the insurer agreed to commit $25 million into Veritas Capital's seventh fund.
Q & A
As more global firms are raising Asia-focused funds, competition in the region is intensifying, says ShawKwei Partners founder and managing partner Ky
Evans, who is also head of Australia, will continue to be based in Sydney.
Policy & Regulations
Its statement comes shortly after the Malaysian government approved bike-hailing services in the country.
Anthem Asia is currently working towards closing its second Myanmar SME Venture Fund.
Going forward, Nexting Ventures plans to incubate ten projects worth about $2.39 million.
The round was also joined by global healthcare fund DNA Capital besides existing investors SOSV and Artesian Capital.
GOJEK founder Nadiem Makarim and president Andre Soelistyo had met Malaysia PM Mahathir Mohamad earlier this week.
The $240 million is not pooled into a fund-of-funds vehicle but is held individually and managed by government-linked investment corporations contribu
The move will support the livelihood of the local motorcyclist group.
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