500 Global accelerates hiring in Southeast Asia

Photo credit: 500 Southeast Asia

US-based VC firm 500 Global is ramping up hiring for its Southeast Asia fund. It currently has openings for 16 positions across Singapore, Malaysia, and Indonesia.

Some of the roles that 500 Global is looking to fill include director of investments, director of strategic development, director of investor relations and fundraising, and chief of staff. Most of these openings are for its Singapore and Malaysia offices, with only one job listing specific to Indonesia.

This comes after the VC firm expanded its leadership team in Southeast Asia with the appointments of Shahril Ibrahim, Saemin Ahn, and Martin Cu last month.

As to why the company is hiring despite the current headwinds, 500 Global said on its website that “venture capital has historically had a stellar performance during economic downturns. As each venture fund we operate are 10-year vehicles, we plan our resources for the long-term, and for every season.”

In the past decade, 500 Global has invested in more than 340 companies in Southeast Asia. Its portfolio includes major tech players like Grab, Bukalapak, FinAccel, Carsome, Carousell, and eFishery.

The VC firm has a global portfolio with more than US$2.7 billion in assets under management.

See also: Recession Run: 500 Global’s investment plan in SEA