Innoven SEA Fund I
Venture debt fund investing in high-growth companies across SE Asia, managed by Temasek-owned Seviora and UOB
Gross Target Return
20-22% Gross IRR
Expected End of Fund Life*
30 Sep 2026
*subject to extensions
Started trading on ADDX7 Sep 2022
Investment highlights
• Optimising returns through a combination of interest income and equity upside: Target return of 20 – 22% (gross IRR) by constructing a hybrid return profile to participate in equity upside of portfolio companies while generating fixed income returns
• Established manager with strong heritage: A joint venture between Temasek-owned Seviora Holdings Pte. Ltd. and United Overseas Bank Limited (UOB), Innoven Capital is led by a team with a combined 20 years of lending experience
• Providing early distributions with better certainty: Regular debt repayments allow for distributions to be made to investors starting from Year 2 of the fund life. Distributions will be made at the discretion of the Fund Manager
• Emphasis on downside protection in investment strategy: Integrating venture credit assessment and smart debt structuring to target a portfolio of strong companies backed by venture capital firms, delivering historical loss rate of <1% of total deployed capital
Note: Past performance is not indicative of future performance.
About the issuer: Prometheus-13 Pte. Ltd.
The company was incorporated as a special purpose vehicle for the sole purpose of the issuance of the security tokens and investing in Innoven SEA Fund I LP.
About Innoven Capital
• Innoven Capital is a joint venture between Seviora Holdings Pte. Ltd. (wholly owned subsidiary of Temasek Holdings) and UOB.
• One of the early pioneers that introduced Venture Debt to Southeast Asia with a track record of over 5 years, Innoven has deployed over USD 200 million in debt capital across more than 100 transactions and manages a portfolio of over 55 companies.
• The company has built deep relationships and networks across the venture ecosystem in Asia, providing Innoven good access to high-quality start-ups to ensure a consistent pipeline of companies.
• Founded in 2021, Innoven Capital SEA Pte. Ltd. is a company incorporated in Singapore (UEN: 202111207M) and is licenced by the Monetary Authority of Singapore as a Venture Capital Fund Manager (Licence number: CMS101116).
Registered Address
3 Fraser Street, #20-28 DUO Tower Singapore 189352
Key people
Ben Cheah
Partner
Paul Ong
Partner
About Innoven Capital
• Innoven Capital is a joint venture between Seviora Holdings Pte. Ltd. (wholly owned subsidiary of Temasek Holdings) and UOB.
• One of the early pioneers that introduced Venture Debt to Southeast Asia with a track record of over 5 years, Innoven has deployed over USD 200 million in debt capital across more than 100 transactions and manages a portfolio of over 55 companies.
• The company has built deep relationships and networks across the venture ecosystem in Asia, providing Innoven good access to high-quality start-ups to ensure a consistent pipeline of companies.
• Founded in 2021, Innoven Capital SEA Pte. Ltd. is a company incorporated in Singapore (UEN: 202111207M) and is licenced by the Monetary Authority of Singapore as a Venture Capital Fund Manager (Licence number: CMS101116).
Key people
Ben Cheah
Partner
Paul Ong
Partner
Registered Address
3 Fraser Street, #20-28 DUO Tower Singapore 189352
Disclaimer: The information above has been provided by Prometheus-13 Pte. Ltd. The contents of the above have not been verified by the Exchange and the Exchange assumes no responsibility for the contents above, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in the content above. Any investment will be made with Prometheus-13 Pte. Ltd. and your return will differ from a direct investment in Innoven SEA Fund I LP (the “Fund”), or any funds managed by Innoven Capital SEA Pte. Ltd. and/or its affiliate(s) (“Innoven Group”). Projected return is not necessarily indicative and does not guarantee actual return. The past performances of the Fund and funds managed by Innoven Group are not necessarily indicative of and do not guarantee the future performance of the Fund. This is not an advertisement making an offer or calling attention to an offer or intended offer.
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Individual
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Yearly income of at least SGD 300K
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Net financial assets of at least SGD 1M
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Net total assets of at least SGD 2M
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Institutional Investor
Company's net assets exceeding SGD 10M in value
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Company's entire share capital is owned by one or more persons, all of whom are accredited investors