East Ventures Completes Groundbreaking Secondary Transaction
In a groundbreaking move that signals the evolution of the venture capital landscape in Southeast Asia, East Ventures, a prominent venture capital firm based in Indonesia, has announced the successful closure of its inaugural GP-led secondary transaction. This milestone event was spearheaded by Coller Capital, a global secondary firm, further solidifying East Ventures’ position as a trailblazer in the region.
East Ventures facilitated this transaction to provide liquidity to limited partners invested in its East Ventures 5 L.P. fund, also known as EV5. The Fund’s total distributions-to-paid in the capital reached an impressive 2.0x, reaffirming its status as a high-performing, top-quartile fund within the East Ventures portfolio. EV5 was established with a focus on investing in seed and early-stage rounds of technology companies across Southeast Asia.
The success of this secondary transaction underscores East Ventures’ commitment to its ecosystem of emerging companies that have demonstrated exceptional growth potential. Notable Southeast Asian technology companies such as IDN and waresix anchor EV5’s portfolio, showcasing the firm’s strategic investments in the region’s most promising ventures. The transaction was structured with a profit participation component, allowing East Ventures to secure attractive returns for its limited partners while retaining a stake in the future growth of the portfolio.
Willson Cuaca, Co-Founder and Managing Partner at East Ventures, expressed his satisfaction with the partnership with Coller Capital, highlighting the seamless process that provided liquidity to limited partners while maintaining valuable relationships with entrepreneurs and management teams. Cuaca emphasized East Ventures’ confidence in the Indonesian growth story, particularly in the digital economy sector, positioning the portfolio for continued success.
Peter Kim, Partner and Head of Asia and RMB at Coller Capital, echoed Cuaca’s sentiments, emphasizing the firm’s commitment to delivering innovative liquidity solutions tailored to meet the objectives of sponsors and limited partners. Coller Capital’s expertise in secondary investing played a crucial role in the success of this transaction, showcasing the firm’s ability to create value for investors in dynamic markets like Southeast Asia.
The partnership between East Ventures and Coller Capital exemplifies the growing trend of strategic collaborations in the venture capital and secondary markets in Asia. The involvement of UBS Private Funds Group, Gibson, Dunn & Crutcher, and Debevoise & Plimpton further underscores the robust support system that contributed to the smooth execution of the transaction.
As the venture capital landscape continues to evolve, East Ventures and Coller Capital set a precedent for future collaborations that drive growth and innovation in Southeast Asia’s tech ecosystem. With a shared vision for unlocking the potential of emerging companies in the region, both firms are well-positioned to capitalize on the opportunities presented by the dynamic market landscape.
About Coller Capital
Coller Capital stands as a global leader in the secondary market for private assets, renowned for its pioneering spirit and innovative approach to the asset class. With a track record dating back to 1990, Coller Capital offers investment and liquidity solutions to private market investors worldwide, managing an impressive $36 billion in private equity, private credit, and other private market vehicles. The firm’s multinational team, spanning across North America, Europe, and Asia-Pacific, provides a truly global reach that underpins its position as a key player in the secondary investing space.
Coller Capital’s exclusive focus on secondary investing has enabled it to build one of the largest dedicated investment teams in the asset class, ensuring that it remains at the forefront of industry trends and opportunities. Additionally, the Private Wealth Secondaries Solutions (PWSS) arm of Coller Capital offers perpetual funds to eligible private wealth investors globally, further expanding its reach and impact in the private assets market.
About East Ventures
Founded in 2009 in Indonesia, East Ventures has emerged as a pioneering venture capital firm with a sector-agnostic approach to investing. Over the years, the firm has raised nine funds dedicated to supporting tech companies in Southeast Asia, with a focus on seed and growth-stage investments. With a portfolio of over 300 companies, East Ventures has delivered strong financial returns while creating positive social and environmental impacts, solidifying its position as a top-tier VC firm in Southeast Asia.
Recognized for its consistent performance and active presence in the region, East Ventures has earned accolades from industry experts and media outlets, further cementing its reputation as a key player in the Southeast Asian tech ecosystem. The firm’s commitment to supporting the growth and success of emerging companies underscores its dedication to driving innovation and transformation in the region’s startup landscape.
The successful completion of the GP-led secondary transaction by East Ventures marks a significant milestone in the firm’s journey, highlighting its resilience, vision, and strategic partnerships that have propelled it to the forefront of the venture capital industry. As East Ventures continues to navigate the dynamic market landscape in Southeast Asia, its commitment to fostering growth, creating value, and driving positive change remains unwavering.
Source: East Ventures
Reporter: PR Wire
Editor: PR Wire
Please note that the information provided in this article is accurate as of the publication date.
