Golden Gate Ventures, Hanwha said to hit roadblock for $200m SE Asia growth fund

The Golden Gate Ventures team.

Golden Gate Ventures and Hanwha Asset Management’s fundraising efforts for their $200-million growth fund appear to have stalled, according to multiple industry sources aware of the developments.  The two firms were last reported to be co-raising the Southeast Asian-focused fund in August last year.

One source told DealStreetAsia that South Korea’s Hanwha has scaled down its capital commitments to the fund, investing $20 million instead of the $70 million it had originally intended to invest.

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