S Korea's KVIC commits $23m to AC Ventures, Gobi Partners, Highlight Capital

Photo by Micheile Henderson on Unsplash

South Korean government-backed fund-of-funds manager Korea Venture Investment Corporation (KVIC)  has approved a capital commitment of $23 million for three funds in Asia, according to a disclosure.

KVIC committed $6.5 million each to the vehicles of Jakarta-based early-stage investor AC Ventures, pan-Asian venture capital firm Gobi Partners and $10 million to China-based healthcare-focused investment firm Highlight Capital.

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