<article>Singapore&#8217;s <a href="https://www.dealstreetasia.com/?s=monk%27s+hill+ventures">Monk&#8217;s Hill Ventures</a> has listed a $150-million target for its second venture capital fund in a recent SEC filing.</article>

Singapore&#8217;s <a href="https://www.dealstreetasia.com/?s=monk%27s+hill+ventures">Monk&#8217;s Hill Ventures</a> has listed a $150-million target for its second venture capital fund in a recent SEC filing.
According to an executive familiar with its fundraising plans, the VC has set the fund&#8217;s hard cap at $150 million, adding a $30-million buffer to its initial target of $120 million.
This is consistent with earlier reports by DEALSTREETASIA that Monk&#8217;s Hill is <a href="https://www.dealstreetasia.com/stories/singapores-monks-hill-raising-120-million-vc-fund-97423/">raising a $120-million fund.</a>
When contacted, Monk&#8217;s Hill Ventures declined to comment on the filing.
This portal had last reported that the Singapore venture capital firm was nearing the <a href="https://www.dealstreetasia.com/stories/monks-hill-first-close-120m-fund-103782/">first close for its second vehicle at $50 million</a>. A final close is targeted for the first half of 2019.
Monk&#8217;s Hill&#8217;s second fund targets early-stage and Series A and B investments and seeks to back companies wanting to expand in Asia. Its second vehicle is about 50 per cent larger than its maiden fund. The VC closed its <a href="https://www.dealstreetasia.com/stories/exclusive-monks-hill-ventures-hits-final-close-on-maiden-85m-fund-36520/">first fund at $85-million in 2016</a>.
Venture capital firms are increasingly raising larger funds to invest in Southeast Asian startups. <a href="https://www.dealstreetasia.com/?s=b+capital">B Capital</a>, <a href="https://www.dealstreetasia.com/?s=vickers+venture+partners">Vickers Venture Partners</a> and Temasek-backed <a href="https://www.dealstreetasia.com/?s=vertex+ventures">Vertex Ventures</a> have all raised more than $200 million for their funds, part of which will be allocated to Southeast Asia.
Openspace Ventures closed its second fund at $135 million backed by Stepstone Group and Temasek Holdings in August. Golden Gate Ventures is raising a $100-million fund and made a first close at over $65 million recently.
Indonesia’s Kejora Ventures is also looking to hit the final close of its $100-million fund with South Korean partner Intervest by the end of this year. It has also raised a little less than $80 million for its second solo fund, this portal earlier <a href="https://www.dealstreetasia.com/stories/indonesia-kejora-final-close-second-fund-108226/">reported</a>.
In recent months, Southeast Asian unicorns have also joined the fray. Grab launched <a href="https://www.dealstreetasia.com/?s=grab+ventures">Grab Ventures</a> in June, <a href="https://www.dealstreetasia.com/stories/grab-ventures-99138/">setting aside $250 million for investments in Indonesia.</a> Rival Go-Jek has also launched its venture arm, Go-Ventures, although it has not publicly announced a separate allocation for investments.
Also Read:
<a href="https://www.dealstreetasia.com/stories/southeast-asia-based-vcs-raising-larger-funds-than-ever-before-106453/">Southeast Asia-based VCs raising larger funds than ever before</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/vcs-accumulate-2-5b-dry-powder-southeast-asia-84745/">VCs accumulate up to $2.5b in dry powder for Southeast Asia in last 12 months</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/monks-hill-first-close-120m-fund-103782/">SG’s Monk’s Hill Ventures set to make first close of $120m fund</a>

Singapore’s Monk’s Hill Ventures has listed a $150-million target for its second venture capital fund in a recent SEC filing.

Singapore's Monk's Hill sets $150m hard cap for second VC fund

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Singapore's Monk's Hill sets $150m hard cap for second VC fund

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