Alpha JWC Ventures Announces Third Fund of 6.1 Trillion Rupiah
Alpha JWC Ventures currently has scored 3 unicorns, 11 centaurs, and generated 9 exits
Randi Eka - 9 November 2021
Alpha JWC Ventures today (09/11) announced its third managed fund (Fund III) worth $433 million or equivalent to 6.1 trillion rupiah; bringing its Assets Under Management (AUM) to $630 million. In the press conference, Jefrey Joe as Co-Founder & General Partner said that this number has exceeded the initial target of $300 million. Several regional and global LPs are involved, including the International Finance Corporation (part of the World Bank Group) and Morgan Stanley Alternative Investment Partners.
In general note, Alpha JWC Ventures was founded in 2015 by Jefrey, Will Ongkowidjaja, and Chandra Tjan; focuses on providing early-stage funding for startups in Indonesia and Southeast Asia.
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