Temasek, UOB invest $200m in venture debt provider InnoVen Capital

Chin Chao at the Asia PE-VC Summit 2016 in Singapore. Photo: DEALSTREETASIA

Singapore-based venture debt provider InnoVen Capital has announced raising an additional $200 million in capital commitment, with the city state’s investment arm Temasek and United Overseas Bank each contributing $100 million.

InnoVen Capital, which has offices in India, China, and Singapore, said the additional commitment will help it tap the potential in Asia’s venture debt space.

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