Top, left to right: Founding Partner Pandu Sjahrir, Founder & Managing Partner Michael Soerijadji. Down, left to right: Founder & Managing Partner Adrian Li, Managing Partner Helen Wong
Today, Indonesia-based venture capital firm AC Ventures announced the final close of its fifth investment fund ACV Capital V LP (ACV Fund V), totalling US$210 million. This also included co-investment funds.
In a press statement, the firm stated that the fund is backed by global limited partners, of which 90 per cent are institutions, with returning investors making up over 50 per cent of the capital.
Key investors backing the fund include the World Bank’s IFC and prominent financial institutions from the US, the Middle East, and North Asia.
AC Ventures has already started deploying and announcing investments from the fund, including leading rounds in Indonesian electric vehicle manufacturer MAKA Motors and sustainable farming startup Koltiva.
Also Read: AC Ventures aims to drive positive societal change, economic impact in SEA
“With ACV Fund V, we are not just investing in companies with significant financial upside, but in a future where economic success and societal impact go hand in hand,” explained Founder and Managing Partner Adrian Li.
“Our focus on financial returns and sustainability is not only a reflection of what is trending in the market. It is a fundamental cornerstone of our long-term investment philosophy to create significant value for all stakeholders.”
AC Ventures stated that it has increased its emphasis on sustainable impact alongside high financial returns in approaching its investment by prioritising companies that deliver strong economic value and environmental and social impact.
The firm stated that its third fund delivered an overall net impact ratio of +37 per cent as measured by The Upright Project in Finland. “This ranks the firm and its portfolio above the Nasdaq Small Cap Index (NQUSS) average of +29 per cent by a significant margin.”
Also Read: Merchants selling via TikTok could be harming Indonesian economy: AC Ventures
It also stated that within the firm, 50 per cent of senior leadership roles are filled by women with 41 per cent C-level female leadership in their portfolio companies.
AC Ventures aims to differentiate itself in Indonesia by providing hands-on value-creation services to its portfolio companies, which include functional support in business development and strategic partnerships, talent advisory, government relations, financial planning, and fundraising.
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Image Credit: AC Ventures
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