SG’s Monk’s Hill Ventures closes second fund below target at $100m

Monk’s Hill managing partner Peng T. Ong (centre). Photo: Monk’s Hill Ventures website

Venture capital firm Monk’s Hill Ventures has closed its second Southeast Asia fund at $100 million, short of a $150-million target it disclosed in an SEC filing in 2018.

According to Monk’s Hill, the early-stage venture firm has secured an “expanded” LP base for its second fund including endowments, foundations and family offices from the United States and globally. Singapore’s state investor, Temasek Holdings, is also returning as an anchor investor after participating in its inaugural $80-million fund closed in 2015.

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