Singapore-based global VC firm True Global Ventures 4 Plus (TGV) has secured a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).
This licence allows True Global Ventures to conduct regulated fund management activities beyond its existing VC fund management mandate and elevates its status to a Licensed Fund Management Company (LFMC) for accredited investors.
This strategic move enables the firm to manage regulated investment funds directly from Singapore, marking a pivotal moment for its operational expansion.
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With this enhanced licence, TGV is now poised to introduce diverse investment strategies that complement its established VC funds.
These include the potential to manage:
- Continuation funds: Designed to extend support for high-performing portfolio companies through additional growth capital, offering investors continued participation in later-stage pre-IPO companies. This also allows investment in primary rounds and secondaries without the constraints of TGV’s previous Venture Capital Fund Management (VCFM) licence.
- Fund of funds: Aimed at diversifying investor portfolios by allocating capital to top-tier VC managers across various regions and sectors, leveraging TGV’s extensive global networks.
- Public companies investments: Selective investments in listed companies that align with TGV’s core themes of artificial intelligence (AI) and blockchain, enabling investors to benefit from both private and public markets.
- Crypto funds: Offering professionally managed exposure to digital assets, underpinned by institutional-grade governance and risk management, building on TGV’s strong track record in blockchain.
Beatrice Lion, CEO of TGV, satated: “This milestone enables us to build on True Global Ventures’s strong track record and with immediate effect we will be able to invest more in secondaries in our existing portfolio without restrictions from our previous VCFM license.”
Dušan Stojanović, initiator of TGV, reiterated the firm’s strategic direction. “With our expanded license, all of the above investment strategies are possibilities of our fund management activities. That said, we will still maintain our core focus on funds investing in equity with fund sizes between US$100 and 200 million where we have so far had exceptional returns being among the top 3 per cent of venture capital funds globally in the same vintage.”
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Founded by seasoned entrepreneurs and investors, True Global Ventures backs serial entrepreneurs in innovation-driven sectors, such as artificial intelligence and blockchain technologies.
The firm primarily invests in venture companies across key global hubs, including the Bay Area, New York, Singapore, Hong Kong, London, Paris, Stockholm, and Dubai.
In March this year, TGV invested in Silicon Valley-based COVU, an AI-driven platform aiming to transform the insurance landscape.
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