Ant Financial-backed BAce Capital eyes up to $150m for early-stage SEA fund

Ant Financial-backed BAce Capital eyes up to $150m for early-stage SEA fund

L to R: Mulyono Xu, Benny Chen, and Kshitij Karundia of BAce Capital.

Ant Financial-backed BAce Capital is eyeing up to $150 million for its first early-stage Southeast Asian fund.

In an interview with DEALSTREETASIA, BAce Capital said it has secured $100 million in capital commitments from Ant Financial as well as institutional investors and high net-worth individuals from the US, China, India and Southeast Asia.

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