Philippines-listed conglomerate Ayala Corporation has closed its new global venture capital fund at $180 million, making it the largest VC fund to emerge out of the Southeast Asian country.
The amount raised by Ayala Corporation and its subsidiaries for the Active Fund is 20 per cent more than the initial $150-million target announced by Ayala chairman Jaime Augusto Zobel de Ayala at the time of the fund’s launch in April 2019.
