PH-listed Ayala's VC arm to close $150m global fund by Q1 this year

Minette Navarrete, president, Kickstart Ventures Inc

Active Fund, the venture capital (VC) arm of Philippines-listed Ayala Corporation, is expected to close its $150 million global fund by the end of Q1 this year.

According to its fund manager, Minette Navarrete of Kickstart Ventures, the fund is in the midst of completing its due diligence process and has received $195 million in commitments – 30 per cent more than its initial target corpus.

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