Taiwan’s CTBC Venture Capital commits $11m to Thoma Bravo, Alpha JWC, G Squared funds

Taipei City, Taiwan. Photo by Tom Ritson on Unsplash

CTBC Venture Capital, the venture capital arm of Taiwanese financial firm CTBC Financial Holdings, has committed to invest an aggregate of $11 million in three new funds, its filings with the Taiwan Stock Exchange show.

The Taiwanese investor plans to invest $5 million in Project Stream Co-Invest Fund, the latest fund of technology-focused American private equity firm Thoma Bravo.

It also seeks to invest $3 million each in Alpha JWC Ventures III, the latest vehicle of Indonesian VC Alpha JWC, and in G Squared V SCSp of US-based growth stage VC investor G Squared.

Thoma Bravo, an American PE firm focused on the software and technology-enabled services sectors, recently raised more than $22.8 billion for three funds – Fund XIV, Discover Fund III, and Explore Fund. Its assets under management stand at more than $70 billion.

Alpha JWC, on the other hand, is raising $300 million for its new VC fund that will seek investment opportunities in the seed to Series B stages across various sectors. It closed its second fund at $123 million in 2019, while its debut fund was launched in 2016 with a size of $50 million.

Earlier reports said the new vehicle, Alpha JWC Ventures III, plans to target investments in new consumer-oriented models and financial technology with opportunistic positioning in other sectors. The fund will invest in Southeast Asia, with a focus on Indonesia.

G Squared, a growth-stage VC fund manager, is raising its fifth flagship fund after securing at least $341 million for G Squared IV, which was launched in 2018. Its portfolio includes Airbnb, Pinterest, Lyft, and several others. Its successful exits include Alibaba Group, Uber, and Twitter.

The commitments to the three fund managers come a month after CTBC Venture Capital committed to invest $4.5 million in a crypto-focused fund managed by US-based Dragonfly Capital Partners.

Founded in 2003, CTBC Venture Capital primarily focuses on IT, communications, biotechnology, healthcare, creative, and alternative energy industries.

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.