Singapore's Qualgro marks first close of $100m second ASEAN fund

Singapore's Qualgro marks first close of $100m second ASEAN fund

Heang Chhor, Managing Partner, Qualgro Partners

Singapore-based venture capital (VC) firm Qualgro has announced making the first close of its $100-million ASEAN fund, confirming an earlier report by DealStreetAsia. This is the firm’s second vehicle targeting Southeast Asia.

According to Qualgro managing partner Heang Chhor, 60 per cent of the fund has been committed and it is on track to hit its final close in 6-9 months. Limited partners (LPs) include a mix of institutional investors, corporates and family offices from around the world.

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