Vertex raises $290m

The Singapore-based venture capital firm closed its growth fund above target.

Vertex Holdings has closed its Vertex Growth (SG) fund at $290 million, surpassing the $250 million target.

The fund will target investments in high-growth technology firms in South-East Asia.

Limited partners include Cathay Life Insurance, ELAN Microelectronics Corporation and Radiant Opto-Electronics Corporation.

Vertex had $3 billion in assets under management as of 12 September 2019.