Preqin’s extensive fund managers profile database reveals there are 149 fund managers based in the Far East that pursue venture capital investment. 60% of these fund managers are based in Japan and Singapore, a further 21 in South Korea and 17 located in Malaysia. The remaining 21 firms are distributed throughout the region. These firms have raised an aggregate $44.2bn over the last decade and currently have an estimated $9.5bn available in dry powder.
South Korea-based firms have raised the most capital in the region over the past 10 years, collecting $21.7bn. The largest of the venture capital firms based in South Korea is AJU IB Investment raising $16.4bn over the last decade and has $129mn in unspent capital. AJU IB Investment established in 1974 and its shareholders include AJU Business Group and Korean government-operated institutions such as the Korea Institute of Science and Technology and the Electronics and Telecommunications Research Institute. It targets investments in the information technology, biotechnology, nanotechnology and renewable energy industries in South Korea.
Japan-based venture capital firms have raised $8.5bn in capital over the past 10 years, making it the second largest country in the Far East region by aggregate capital raised. JAFCO (Japan), established in 1973 and headquartered in Tokyo, is the largest venture capital firm in Japan and is listed on the Tokyo Stock Exchange. The firm makes investments across a wide range of sectors and growth stages from incubation to later stage and buyout investments with a focus on technology-related venture investments in the US and Asia.
Singapore-located fund managers have raised the third-most capital over the last decade with $4.9bn raised. The largest venture capital firm headquartered in Singapore is Nalanda Capital which is an equity investor in the Indian public markets. It has raised an aggregate of $875mn over the past ten years from two funds that invest in small to mid-cap listed Indian companies