Ayala has anchored the fund, while Globe Telecom also invested and helped push the fund past its original $150m target to make it the Philippines’ largest vehicle to date.
Philippines-based diversified conglomerate Ayala has closed a $180m fund with an anchor commitment from the corporate itself and contributions from its subsidiaries AC Energy, AC Industrials, AC Ventures and BPI, DealStreetAsia reported today.
Telecommunications firm Globe Telecom also joined the roster of limited partners. The Active Fund originally had a target of $150m and its final size makes it the largest venture fund to emerge out of the Philippines to date, the report said.
The Active Fund – Active…
