HWZ Forums

Login Register FAQ Mark Forums Read

Validus, Lighthouse Canton launch $20m SME financing fund

Reply
 
LinkBack Thread Tools
Old 18-05-2018, 09:11 PM   #1
Honorary Member
 
mrclubbie's Avatar
 
Join Date: Oct 2008
Posts: 106,747
Question Validus, Lighthouse Canton launch $20m SME financing fund

Validus, Lighthouse Canton launch $20m SME financing fund

https://www.straitstimes.com/busines...financing-fund

SINGAPORE - Validus Capital and Lighthouse Canton Group launched a $20 million fund to finance small and medium enterprises (SMEs) in Singapore on Friday (May 18), and hope to grow the fund to $200 million in the next three years.

The LCV Trade Finance Fund will invest in loans that originate from Validus' peer-to-peer lending platform. Validus, a portfolio company of Temasek Holdings' Vertex Ventures, has made disbursements of more than $85 million over the past 24 months. Lighthouse Canton is an independent asset manager.

Lighthouse Canton will, through the fund, bring in accredited investors globally and get them access to the SME asset class. Given that most financing facilities will be of short tenures, the fund will be able to redeploy the capital across multiple SMEs and diversify its portfolio in that way, according to a press release.

Joo Hock Chua, managing partner at Vertex Ventures, said he believes that the partnership between Lighthouse Canton and Validus Capital will benefit thousands of businesses, with the dedicated fund providing much-needed financing relief to Singapore SMEs: "We are proud to be able to support Validus in their mission to be a key catalyst for SME growth. The linking of global capital to the Singapore SME asset class is a sign of strength and belief in the SME ecosystem of Singapore."

The Validus platform has disbursed more than 1,100 facilities across multiple product types, Validus said. It connects with Singapore government-linked entities and private as well as listed corporates and on-boards their SME vendors under a pre-approved program. This provides SMEs with access to collateral-free financing options for on-going and future projects.
__________________
huat huat huat huat huat huat huat huat
huat huat huat huat huat huat huat huat
mrclubbie is online now   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On