True International Ventures 4 Plus (TGV) has secured a Capital Markets Companies license from the Financial Authority of Singapore.
This permits it to conduct regulated fund administration actions beneath the Securities and Futures Act 2001 past the administration of enterprise capital funds.
The approval recognises TGV as a licensed fund administration firm for accredited traders and permits it to handle regulated funding funds from Singapore.
The license allows the agency to develop its mandate to new methods.
These embrace continuation funds that may assist later-stage pre-IPO firms and spend money on each main and secondary rounds.
It additionally covers fund of funds that allocate capital to different main enterprise managers throughout areas and sectors.
As well as, TGV might make selective investments in listed firms aligned with its concentrate on synthetic intelligence and blockchain, giving traders publicity throughout each personal and public markets.
The license additionally permits TGV to arrange crypto funds that present managed entry to digital property with robust governance and danger controls.
“We’re honoured to obtain the CMS license from MAS, which displays our dedication to assembly the very best regulatory compliance and governance requirements.
This milestone allows us to construct on True International Ventures’ robust observe document and with quick impact we can make investments extra in secondaries in our present portfolio with out restrictions from our earlier VCFM license.”
stated Beatrice Lion, CEO of TGV.
“With our expanded license, all the above funding methods are prospects of our fund administration actions.
That stated, we’ll nonetheless keep our core concentrate on funds investing in fairness with fund sizes between US$100 and 200 million the place we’ve got to this point had distinctive returns being among the many prime 3% of enterprise capital funds globally in the identical classic.”
stated Dušan Stojanović, initiator of TGV.
