The news: Singaporean based venture capital firm January Capital has announced the final close of its ‘Growth Credit Fund’, securing over USD130 million ($196 million) in total commitments.
The final close includes commitments from Japanese institutional investors, SBI Holdings, GMO Payment Gateway, Orient Growth Ventures as well as Australia’s largest public ancillary fund, Australian Philanthropic Services Foundation.
The context: January Capital, which invests in Asia-Pacific technology-focused firms, financed its growth credit fund to fill a gap for tech companies in the region due to its absence across Asia Pacific. The Asia Pacific region is estimated by January Capital to only account for 2% of available funding for tech growth companies.
What they said: “We’ve been delighted to see the strong interest from leading global institutions, particularly those who have helped catalyse this emerging asset class in the Asia-Pacific region”, January Capital founding partner Benjamin Dunphy said.
“It’s a clear signal that investors want disciplined exposure to high-quality, high-growth businesses in our core markets. What stands out is the quality of the conversations. Investors understand the structural opportunity and see real value in a risk-managed approach to growth credit.”
The source: January Capital media release
