JAKARTA,
Indonesia, Jan. 20, 2025 /PRNewswire/ -- East
Ventures, a pioneering and leading venture capital firm in
Indonesia and Southeast Asia, announced today that it has
closed its inaugural GP-led secondary transaction. Led by a global
secondary firm, Coller Capital, East Ventures offered
limited partners in its East Ventures 5 L.P. ("EV5" or the "Fund"),
liquidity, bringing the total distributions-to-paid in the capital
("DPI") of the Fund to approximately 2.0x. Continuing the success
of its predecessor funds, EV5 is a high-performing, top-quartile
fund in the East Ventures platform, originally established to
invest in seed and early-stage rounds of Southeast Asian technology
companies. Coller Capital underwrote the entire transaction.
EV5's portfolio is anchored by high-profile Southeast Asian
technology companies such as IDN and waresix. Many of these
companies also feature prominently in later East Ventures' funds
and the secondary transaction emphasizes the firm's continued
conviction in its ecosystem of best-performing emerging companies.
The transaction was structured with a component of profit
participation, allowing EV5 to crystalize an attractive return for
limited partners while retaining participation in the future growth
trajectory of the portfolio. East Ventures remains a significant
and active shareholder in the companies and a key partner to the
management teams who will continue to benefit from the firm's
unique operational value-add, corporate governance, and
Southeast Asia-wide ecosystem.
"We are pleased to partner with Coller Capital in a fast and
efficient process to design a solution that not only provides our
limited partners with an attractive liquidity milestone but also
the opportunity to continue our valued partnership with the
entrepreneurs and management teams in these companies. We believe
the portfolio is well positioned to benefit from the secular
tailwinds of the Indonesian growth story, particularly with the
rise of its digital economy," said Willson Cuaca, Co-Founder and
Managing Partner at East Ventures.
"We are proud to partner with East Ventures to lead this
transaction in Southeast Asia, an
exciting market where we see great growth potential. Building on
our long-standing relationship, we have delivered swiftly to meet
East Ventures' objectives, providing significant value to their
investors. The transaction exemplifies Coller's expertise in
delivering innovative, tailor-made liquidity solutions and building
alignment with both sponsors and their limited partners," said
Peter Kim, Partner and Head of
Asia and RMB at Coller
Capital.
The transaction continues to demonstrate the evolving landscape
of the venture capital and secondary market in Asia.
UBS Private Funds Group advised on the transaction.
Gibson, Dunn & Crutcher was the legal advisor to East
Ventures while Debevoise & Plimpton advised Coller Capital.
***
About Coller Capital
Coller Capital is a global leader in the secondary market for
private assets, renowned for being a pioneer and innovator in the
asset class. Founded in 1990, Coller provides investment and
liquidity solutions to private market investors worldwide, and
currently manages $36 billion[1] in
private equity, private credit, and other private market vehicles.
With headquarters in London and
offices across North America,
Europe, and Asia- Pacific, our multinational team offers a
truly global reach.
Coller has exclusively focused on secondary investing since
inception and today boasts one of the largest dedicated investment
teams in the asset class.
Coller's Private Wealth Secondaries Solutions (PWSS) business
offers perpetual funds to eligible private wealth investors
globally.
[1] as at 30 September 2024
About East Ventures
East Ventures is a pioneering and leading sector-agnostic
venture capital firm. Founded in 2009 in Indonesia, East Ventures has raised nine funds
focusing on Southeast Asia. The
firm has invested in over 300 seed and growth-stage tech companies,
recording strong financial returns and creating positive social and
environmental impacts. In addition, it has maintained a top-tier VC
position in Southeast Asia, being
recognized as the most consistent top-performing fund globally by
Preqin and the most active investor in Southeast Asia by various media.
***
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