Cash is pouring into Singapore's biggest private venture fund

(Oct 10): The Singaporean venture capital firm led by Finian Tan, who made his name investing early in Chinese search giant Baidu, has completed its largest fundraising yet to bankroll global deals.

Vickers Venture Partners raised a total of US$230 million ($313.7 million), the company said in a statement. That includes US$190 million in their fifth fund and a yuan-denominated vehicle of US$40 million.

Vickers stands out among the island’s VC firms by posting its performance on its website. The net value of its fourth fund has increased 4.85 times, the world’s best performance among those that debuted in 2012, according to data compiled by Preqin at the end of June. The investment house is now targeting what Tan refers to as “deep technology” -- real scientific advancement as opposed to mobile apps.

---

Related Stories

• Connecting ecosystems: Build blocks, not billionaires
• Growing number of VCs directing capital to young startups amid eight year-low deal activity in Asia, EnterpriseSG report
• SGInnovate to catalyse deep tech talent development in Singapore

---