Impact investor Capria Ventures to invest $20m in Southeast Asia

Capria's Dave Richards at DealStreetAsia's at Asia PE-VC Summit 2019. Photo: DealStreetAsia

US-based global impact investment firm Capria Ventures is investing up to $20 million in Southeast Asia in 2020 to further expand its emerging markets investment and network building footprint.

In a statement, Capria said it will invest in existing members and two new funds next year as part of its partnership with the Australian government to expand early-stage investing in Southeast Asia.

Founded in 2015, Capria already has three fund managers under its Asia network. It recently opened a Singapore office to welcome fund managers in its network from South and Southeast Asia.

Additionally, the firm announced that it will invest another $20 million in emerging markets – Asia, Africa, and Latin America – from its new $100-million Capria Emerging Managers Fund.

The plan is to invest in three to five additional emerging markets managers to beef up its global network, which already has 19 managers, the company said.

The investment firm announced in December 2018 that it has raised $40 million to achieve the first close of its $100-million emerging markets-focused fund.

The fund will make investments in fund management companies in emerging markets. It also seeks to make commitments into emerging market investment funds as a limited partner and direct investments into local businesses.

Seattle-based Capria Ventures, which invests in venture capital, private equity, and other debt and equity funds backing early-growth businesses through its network fund, has earmarked 33-40 per cent of the total $100 million for Asian markets.

“One particular area that we’re excited about in emerging markets is private consumption,” Dave Richards, co-founder and managing partner of Capria Ventures, said during the Asia PE-VC Summit 2019 in Singapore.

The firm’s increased focus on emerging markets comes as the International Finance Corporation reported that emerging markets and low-income countries need an additional investment of up to $2.6 trillion to achieve broadly-adopted sustainable development goals.

“This increased interest in the deployment of capital into emerging markets can be attributed to the rise in competition for assets in developed markets, attractive exit multiples, and lack of correlation with developed market assets,” the firm said.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.