Singapore-based climate investor TRIREC is closing its second fund, TRIREC Venture 1 (TV1), at around $80 million, which is above its $75 million initial target, according to a top executive of the firm.
TRIREC, which focuses on decarbonisation, is also raising a new fund, which has a target of $100 million, said its founder & managing partner Melvyn Yeo in an exclusive interaction with DealStreetAsia.