Kelvin Lee, Alta’s Co-Founder and CEO
Singapore-based investment firm Lighthouse Canton has announced a partnership with Southeast Asia’s leading digital marketplace for alternative investments Alta.
The partnership will provide investors on the Alta platform access to the rising venture debt asset class.
It will enable Alta’s investor community to mobilise capital for the region’s startup ecosystem.
Alta’s Co-Founder and CEO Kelvin Lee said, “We are certain the pace of venture capital activities will actively grow with tremendous opportunities, which will only continue to increase its demand.”
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Lighthouse Canton and Alta see a huge opportunity for venture debt rising across Southeast Asia. Venture debt is a relatively new asset class in the region and has a long way to go compared to the US and Europe.
“At Alta, we are devoted to creating access for our global community of over 1 million investors to innovative opportunities and pave the way for firms like Lighthouse Canton to connect with strategic investors that best suit them,” Lee added.
Lighthouse Canton’s venture debt strategy comprises a Singapore-based Variable Capital Company (VCC) for investments in Southeast Asia and a Category II Alternative Investment Fund (AIF) for investments in India. A few weeks ago, it launched a partnership to invest in venture equity in the Indian startup ecosystem. It closed a US$40 million fund to invest in 27 pre-series A and series A companies across various sectors.
In 2022, Alta acquired the digital securities exchange Hg Exchange, bringing its private capital markets, fund management, and exchange businesses under one roof. Through its blockchain-powered exchange, Alta can also support tokenisation, digital custody, and trading of alternative assets.
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