True Global Ventures, a top 3% performer among global venture funds, is diversifying its investment strategy by officially acquiring a CMS license.
Singapore-based venture capital firm True Global Ventures (co-founder Lim Hyung-chul) has officially acquired a Capital Markets Services (CMS) license, following its performance ranking among the top 3% of global VC firms, and is now embarking on a full-scale investment strategy diversification.
True Global Ventures (TGV) was recently recognized for its outstanding management capabilities, ranking in the top 3% of venture capital funds launched globally in 2021 based on Total Value to Paid-In Capital (TVPI) and Distributed to Paid-In Capital (DPI).
As of 2021, TGV's fund size was approximately KRW 160 billion, representing approximately 40% of TGV's total fund size of KRW 375.5 billion. Building on this achievement, the company officially acquired a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) on the 19th, marking a significant leap forward.
With the acquisition of this CMS license, TGV will be able to pursue a wide range of strategies, including ▲Continuation Funds (supporting continuous growth by providing additional funds to high-performing portfolio companies verified by TGV), ▲Secondary Deals (transactions between private equity funds), ▲Fund of Funds (securing stability and growth at the same time by diversifying investments in top-tier venture capital firms, Fund of Funds), ▲Investment in listed companies, and ▲Crypto Funds, and plans to expand its scope beyond the existing venture capital-centered operation to become a multi-asset management company.
Lim Hyeong-cheol, co-founder of Aimed and Blockore, said, “Obtaining the CMS license is a result of TGV’s compliance with regulations and proven performance as a global venture fund,” and added, “We will strive to expand our scope as a multi-asset management company and continue to generate stable performance.”
Meanwhile, TGV is a Singapore-based venture capital firm in which co-founders including Blockore and Aimed CEO Lim Hyung-chul directly invested more than 40% of its assets under management (AUM) of $260 million (approximately KRW 375.5 billion). It is run by serial entrepreneurs with successful startup and investment records, with bases in San Francisco, New York, Singapore, Hong Kong, London, Paris, and Dubai.
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