Golden Gate nears first close for latest venture fund

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news_asia_lrgVenture capital firm Golden Gate is reportedly nearing a first close for its latest fund.

The Southeast Asia-focused firm has raised $35m from LPs including Singapore’s National Research Foundation, said private Equity International.

A year ago it was reported that Golden gate was planning to launch its second fund with a $40m target within a year.

The vehicle, which follows Golden Gate’s $10m debt fund closed in 2012, will focus on Series A rounds in Southeast Asian tech businesses.

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