January Capital closes $196M Growth Credit Fund in Singapore
January Capital closes $196M Growth Credit Fund in Singapore
Singapore-based venture capital firm January Capital has successfully announced the final close of its 'Growth Credit Fund', securing a total of USD130 million ($196 million) in commitments. The fund aims to address the scarcity of financial support for tech growth companies in the Asia-Pacific region.
Key Investors and Commitments
This significant milestone was achieved through commitments from several prominent institutional investors, including Japan's SBI Holdings, GMO Payment Gateway, and Orient Growth Ventures. Additionally, Australia’s largest public ancillary fund, the Australian Philanthropic Services Foundation, also contributed to the fund.
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Addressing a Funding Gap in Asia-Pacific
January Capital has highlighted the limited availability of growth credit funding for technology companies in the Asia-Pacific region. The firm estimates that only 2% of global funding for tech growth companies is directed towards Asia-Pacific, underscoring a significant gap in the market. By focusing its fund on this underserved region, January Capital aims to provide vital financial resources to high-growth businesses in technology.
Strong Investor Interest
The fund received notable interest from global institutions, which January Capital sees as validation of its strategy. Benjamin Dunphy, founding partner of January Capital, commented on the positive reception: "We’ve been delighted to see the strong interest from leading global institutions, particularly those who have helped catalyse this emerging asset class in the Asia-Pacific region."
Dunphy further added: "It’s a clear signal that investors want disciplined exposure to high-quality, high-growth businesses in our core markets. What stands out is the quality of the conversations. Investors understand the structural opportunity and see real value in a risk-managed approach to growth credit."
Conclusion
With its Growth Credit Fund now fully subscribed, January Capital is positioned to make an impact on the tech ecosystem in the Asia-Pacific region. By bridging the funding gap, the firm seeks to support innovation and growth in one of the world’s most dynamic markets.