P2P lending platformValidus Capital reopens the fund with Singapore-based independent asset management and family office advisory services firm Lighthouse Canton.
Singapore’s SME lending platform Validus Capital (Validus) and independent asset management and family office advisory services firm Lighthouse Canton have jointly announced the reopening of LCV Trade Finance Fund, bringing the additional capacity of S$20 million ($14.8 million), according to an information first published by «e27».
Both companies claimed that this is a part of the’ efforts to provide business financing to small and medium-sized businesses, particularly in the manufacturing, construction, and marine sectors.
Targeting High-Profile Investors
At the time being, only existing Lighthouse Canton clients can invest in the Fund ahead of June 2019. After that locked period, the fund will be open to new investors.
The Fund was launched in June 2018 and raised S$20 million ($14.8 million) targeting investors such as accredited UHNWIs, family offices, and institutions. It’s invested in trade finance facilities for Singaporean SMEs who are suppliers of government-linked companies (GLCs) and large corporations within nine months from launch, as finews.asia reported.
