| Singapore’s sovereign wealth fund Temasek Holdings has closed a $150-million fund that will invest in mature Israeli high-tech companies. Called the Red Dot fund, the new fund will invest invest between $10 million and $15 million in each company in its portfolio.
According to Temasek, this fund will differ from their wholly owned investment arm, Vertex Venture Holdings, which was set up in 1997 and developed partnership with Israel’s Yozma initiative. However, Yoram Oron, General Parter of Vertex Venture Capital, will be chairman of the new Red Dot vehicle...............................................Full Article: Source |