JAKARTA -- Singapore-based Wavemaker Impact, a fund of Wavemaker Partners designed to help build climate technology ventures, is nearing the final close of its first vehicle, the firm's founding partner, Marie Cheong, told DealStreetAsia.
"The [debut] fund is slated to close by mid-2023. It is already oversubscribed and is likely to exceed its target," Cheong said. DealStreetAsia understands that the vehicle, which aims to drive decarbonization in Southeast Asia, has a target size of $25 million, although Cheong refused to confirm the number.
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