Singapore

Impact investor Sweef Capital eyes final close of $80m debut vehicle in Q3

The fund, which is focused on women-led enterprises, aims to make eight to ten investments.

Kumar will work with Ashish Shastry, who heads SE Asia and co-heads the firm’s APAC PE business.

The investment is EMIA’s second from its third vehicle, the ASEAN Frontier Markets Fund (AFMF).

The firm had received an in-principle approval for its DPT services from MAS in June last year.

The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May.

Last year, it pledged $50 million to Singapore-based Crescent Point Group’s third fund.

Global Founders Capital, MS&AD, 468 Capital, and 1982 Ventures invested in the round.

Fleet management startup TransTRACK allotted shares to Cocoon Capital, Goldbell Investments and others this week.

Nansen is backed by Accel, GIC, and Tiger Global among others.

Challenger’s minority shareholders are being offered 56 cents per share in cash to sell their stake.