Daily Briefing: SG-based PE firm Novo Tellus raises $331m for second SEA fund; TRIVE Ventures launches $2.7m venture philanthropy fund

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No And Singapore swap shops offer alternative to fast fashion. From DealStreetAsia: Novo Tellus, a Singapore-based private equity firm that focuses on mid-market technology and industrial sectors of Southeast Asia, has reached the final close of Novo Tellus PE Fund 2 at $331m (US$250m). According to a statement from FIRSTavenue the global placement agent in the fundraise, the PE fund was 43% above the fundraising target and attracted global institutional investors, which made up 88% of the fund’s commitment. read more