Sistema Asia Capital is seeking capital from external backers for a second $120m vehicle that will concentrate on Southeast Asian investments.
Sistema Asia Capital, a corporate venture capital vehicle for diversified Russia-based conglomerate Sistema, is raising $120m for a fund that will invest in Southeast Asia, DealStreetAsia reported today.
The unit invests in India and Southeast Asia but this will be its first fund solely dedicated to the latter area. It appointed Edward Tay as CEO in June this year, and Tay told DealStreetAsia it is seeking capital from limited partners in China and South Korea.
Sistema operates several corporate venturing…
