Qualgro ASEAN-focused fund spins out from the Gordian Capital platform
The Qualgro ASEAN Fund I has been spun out from the Gordian Capital platform. Since 2005, Singapore-based Gordian Capital has provided a regulated, physical and operational infrastructure for institutional quality teams seeking to launch Private Equity, Venture, Capital, Real Estate, Private Credit and hedge funds.
“Since inception, Gordian Capital provided a regulated, stable, cost effective and highly professional ecosystem in which we could concentrate on our skill set – research, portfolio construction and working with our investee companies. As anticipated, we reached a stage in our evolution where it made sense to establish our own regulated entity. Thanks to Gordian’s fantastic support, the transition was a well-planned and seamless process,” says Heang Chhor, Founder and Managing Partner of Qualgro.
“After building a portfolio, and with demand growing from investors, we felt it was time to build our own operation and hire a team to support our endeavours. Whilst on the Gordian platform we were able to build our own brand in a regulated environment. This has allowed us to launch our fund activity very effectively” noted Jason Edwards, Co-Founder at Qualgro, which now holds Registered Fund Management Company status issued by the Monetary Authority of Singapore.
Heang is a former Senior Partner at McKinsey & Company. Jason is a former Partner at Baker and McKenzie and Clearwater Capital Partners.
The Qualgro ASEAN Fund I, attracted investments from both Japanese and Asian multinational corporations. It makes venture capital investments, with a primary focus on Series A and Series B in Southeast Asia, Australia & New Zealand. The investment strategy of the Fund is directed towards B2B in the areas of Data, Enterprise & SME SaaS, FinTech. It has made 14 investments to date.
Mark Voumard, Founder and CEO of Gordian Capital Singapore Pte, says: “As Asia’s leading institutional platform, we were delighted to partner with the high calibre Qualgro team to assist them in the launch of their first fund and to provide the necessary regulatory and operational support. As they now spin out to their own regulated entity and move towards accelerated growth, we wish them all the best and continued success. We look forward to continue to support the growth of the venture capital industry in Singapore.”