Ascend Vietnam Ventures targets $50m for debut fund, IFC may come in as LP

From left to right: Edward Thai and Binh Tran/ Photo credit: Ascend Vietnam Ventures

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to $3 million equity in AVV Alpha LP (the Fund), the first investment vehicle of venture capital firm Ascend Vietnam Ventures (AVV).

According to an IFC disclosure, AVV is targeting to raise $50 million for the debut vehicle.

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