The Singaporean-state owned venture firm is targeting $770m for its latest fund and has secured $50m from NEC Capital Solutions and $20m from Aozora Bank.
Leasing services provider NEC Capital Solutions will provide $50m for a $770m fund being raised by Vertex Ventures, the venture capital arm of Singaporean government-owned investment firm Temasek.
The corporate, which is owned by IT services firm NEC Corporation and leasing services provider Sumitomo Mitsui Finance & Leasing Company, will supply the cash through subsidiary Risa Partners, while financial services firm Aozora Bank is set to put up $20m.
Japanese limited partners are expected to put up 20% of the…
