Singapore VC fund manager tops global consistency rankings

All three of East Ventures’ funds were in the top quartile of returns with over 20% internal rate of return.

Two Singaporean firms, East Ventures and Vickers Venture Partners, joined the list of the top consistent venture capital (VC) fund managers in the world by capital market and data analytics firm Preqin.

East Ventures shared the top spot with four other firms from the US and Hong Kong, with all three of its VC funds in the top quartile for returns. All three of East Ventures’ VC funds were in the top quartile for returns--or 20% Internal Rate of Return (IRR) and two times cash returns net of fees. In total, the firm has raised $187.17m (US$135m) in the past decade.

Vickers Venture Partners (Vickers) also made it to the fourth spot, sharing the place with two other firms from the US and Israel. Of Vickers’ four VC funds, three are in the top quartile of funds. In total, Vickers’ has raised $501.9m (US$362m) in the past 10 years.

Preqin also named other Asian VCs as top consistent performers. The relatively new Hong Kong-based Click Ventures has raised $20.8m (US$15m), with all three of its overall funds in the top quartile for returns. South Korea’s AJU IB Investments has two top quartile funds out of its three overall funds and has raised $1.1b (US$793m) in the past decade.

Japan’s Future Venture Capital and China’s Langsheng Investment also made it into the list with two top quartile funds each, having raised $20.8m (US$15m) and $217.7m (US$157m), respectively.

In total, Asia has $571.36b (US$412.1b) dry powder, or cash reserves and liquid assets available for use, and an unrealised value of up to $1.13t (US$812.3b).

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