True Global Ventures 4 Plus (TGV) has secured a Capital Markets Services license from the Monetary Authority of Singapore.
This enables it to conduct regulated fund management activities under the Securities and Futures Act 2001 beyond the management of venture capital funds.
The approval recognises TGV as a licensed fund management company for accredited investors and allows it to manage regulated investment funds from Singapore.
The license enables the firm to expand its mandate to new strategies.
These include continuation funds that can support later-stage pre-IPO companies and invest in both primary and secondary rounds.
It also covers fund of funds that allocate capital to other leading venture managers across regions and sectors.
In addition, TGV may make selective investments in listed companies aligned with its focus on artificial intelligence and blockchain, giving investors exposure across both private and public markets.
The license also allows TGV to set up crypto funds that provide managed access to digital assets with strong governance and risk controls.
“We are honoured to receive the CMS license from MAS, which reflects our commitment to meeting the highest regulatory compliance and governance standards.
This milestone enables us to build on True Global Ventures’ strong track record and with immediate effect we will be able to invest more in secondaries in our existing portfolio without restrictions from our previous VCFM license.”
said Beatrice Lion, CEO of TGV.
“With our expanded license, all of the above investment strategies are possibilities of our fund management activities.
That said, we will still maintain our core focus on funds investing in equity with fund sizes between US$100 and 200 million where we have so far had exceptional returns being among the top 3% of venture capital funds globally in the same vintage.”
said Dušan Stojanović, initiator of TGV.
