SG's Vertex Ventures said to be nearing first close for SEA and India Fund 5

SG's Vertex Ventures said to be nearing first close for SEA and India Fund 5

Vertex Ventures. Photographer: Sam Kang Li/Bloomberg

Temasek-backed Vertex Ventures is nearing the first close of its $450-million fifth fund for Southeast Asia and India, according to sources close to the development.