Deepti Sri · · 1 min readSingapore-based NxtGen Capital unveils inaugural fund targeting US
Photo credit: 123rf
Singapore-based NxtGen Capital has unveiled its first fund, which operates as a fund of funds with a focus on early-stage investment vehicles in the US.
Called NxtGen Capital Fund 1, it aims to deploy capital into VC funds that have a small fund size, Wee Ping Goh, general partner at NxtGen Capital, wrote in a LinkedIn post. The firm will mainly look for funds that are less than US$150 million in size, aiming to build a diversified portfolio of 300 to 400 startups.
NxtGen Capital Fund 1 was launched by Goh, Shihao Koh, and Sean Teo. They are seasoned investors from companies like KK39 Ventures and iGlobe Partners.
The fund of fund model is particularly attractive for family offices that want to invest in venture capital but lack the expertise or resources to analyze investment opportunities, Goh shared. The strategy allows NxtGen to mitigate venture investing risks through diversifying its bets, among others, he added.
NxtGen Capital enables family offices to allocate assets into venture capital and offers guidance on how to do so. Over time, the goal is for family offices to gain enough experience and understanding to invest directly in these funds.
See also: These are the most active investors in Singapore’s startups
Editing by Miguel Cordon and Jaclyn Tiu
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
