SINGAPORE-BASED Genesis Alternative Ventures on Thursday stated it has closed its first fund at USD 80 million, exceeding its preliminary goal of some USD 70 million. Genesis Alternative Ventures Fund I is anchored by household workplace Sassoon Investment Corp, who’re shareholders of The Coffee Bean & Tea Leaf. Other buyers embody Japan’s Aozora Bank, Korea Development Bank and Hong Kong multi-asset funding agency Silverhorn Group, the agency stated.
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