East Ventures Secures First GP-Led Secondary Deal with Coller Capital

East Ventures Partners with Coller Capital for Key Transaction

East Ventures, a prominent venture capital firm based in Southeast Asia, has successfully completed its inaugural GP-led secondary transaction, solidifying its position in the investment landscape. This significant achievement was made possible through a collaboration with Coller Capital, a recognized leader in secondary market solutions, offering limited partners liquidity while maintaining a robust commitment to the growth of its investment portfolio.

Details of the Transaction

The transaction facilitated by Coller Capital allowed East Ventures to offer liquidity to limited partners in its East Ventures 5 L.P. (EV5), achieving an impressive total distributions-to-paid in capital (DPI) ratio of approximately 2.0x. This performance reflects the firm’s success in managing high-quality investments since its inception.

Portfolio Highlights of EV5

EV5's portfolio showcases high-performing Southeast Asian technology companies, including notable names like IDN and waresix. These strategic investments underscore East Ventures' belief in the potential of these businesses to thrive, tapping into a vibrant ecosystem of innovation and growth in the region.

Commentary from Key Leaders

Willson Cuaca, Co-Founder and Managing Partner at East Ventures, expressed his enthusiasm for the partnership with Coller Capital, stating, "We are pleased to partner with Coller Capital in a fast and efficient process to design a solution that not only provides our limited partners with an attractive liquidity milestone but also the opportunity to continue our valued partnership with the entrepreneurs and management teams in these companies." He reiterated the strong position of the portfolio as it stands to benefit from significant growth in the Indonesian digital economy.

Coller Capital's Response

Peter Kim, Partner and Head of Asia at Coller Capital, commented, "We are proud to partner with East Ventures to lead this transaction in Southeast Asia, an exciting market where we see great growth potential." His remarks highlighted the swift delivery of value and the innovative solutions offered by Coller Capital that align with East Ventures' objectives.

The Future of Venture Capital in Asia

This milestone transaction not only marks a notable achievement for both firms but also reflects the evolving landscape of venture capital in Asia. The collaboration reinforces East Ventures’ strategic position within the technology sector, showcasing the adaptability and forward-thinking approach that the firm embraces while navigating the complexities of the market.

Key Advisors in the Transaction

Advisory roles in the transaction were filled by UBS Private Funds Group, which provided guidance to East Ventures, while the legal frameworks were supported by Gibson, Dunn & Crutcher and Debevoise & Plimpton.

About Coller Capital

Coller Capital stands at the forefront of the secondary market for private assets, having pioneered this space since its foundation in 1990. Managing approximately $36 billion in private equity and other diverse market vehicles, Coller has established itself as a leader providing innovative investment solutions globally. Its commitment to secondary investing ensures a rich array of opportunities for private market investors.

About East Ventures

Founded in 2009, East Ventures has become a trailblazer in the venture capital space within Southeast Asia. With nine funds and investments in over 300 tech companies, it signifies a blend of financial performance and positive social impacts, recognized among the top-performing VC firms globally. Its approach focuses on nurturing early-stage companies to capitalize on fast-growing market opportunities.

Frequently Asked Questions

What is the significance of East Ventures closing this transaction?

The transaction marks East Ventures' first GP-led secondary deal, enhancing liquidity for limited partners while reinforcing their commitment to future growth.

How does this deal impact East Ventures' portfolio?

This deal facilitates the crystallization of returns for limited partners while providing East Ventures continued participation in the future growth of its portfolio companies.

Who were the key players involved in this transaction?

The transaction was led by East Ventures with Coller Capital, supported by advisors from UBS Private Funds Group and legal firms Gibson, Dunn & Crutcher and Debevoise & Plimpton.

What sectors does East Ventures primarily invest in?

East Ventures focuses on technology companies primarily in the Southeast Asian region, particularly in seed and early-stage investments.

Why is the rising digital economy significant for Indonesia?

The growth of the digital economy in Indonesia presents immense opportunities for innovation and investment, positioning companies within this sector for significant future success.

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