Singapore and Los Angeles-based seed investor Wavemaker Partners is in the market again to raise its fourth Southeast Asia-focused fund, with a target corpus of $120 million, according to a disclosure made by the International Finance Corporation (IFC).
IFC, a member of the World Bank Group, is proposing an equity investment of up to $10 million in the fund – Wavemaker SEA Fund IV – but not exceeding 20 per cent of the vehicle’s total capital commitments.
