Alta Alternative Investments Pte. Ltd. (Alta), Asia’s premier digital securities exchange for alternative assets, has announced a strategic partnership with TRIREC, a Singapore-based investment firm dedicated to decarbonization. Through this collaboration, Alta will offer its global investor community access to the TRIREC Venture II (TVII) fund via its platform, thereby creating new opportunities in impact investing.
The TVII fund is designed to invest in companies that significantly impact climate change positively. With a global investment mandate and a focus on the APAC region, the fund aims to invest in 15 to 18 early-stage companies. Through TVII, investors can tap into decarbonization opportunities across the energy, industry, mobility, building, and food & agriculture sectors, benefiting from increasing demand and robust global government policy support.
“In recent years, the investment landscape has witnessed a significant shift towards impact investing with the global impact investment market estimated to hit US$4.5 trillion by the end of 2030. At Alta, we endeavour to bring unique opportunities in alternative investments and private companies that deliver both potentially stellar investment returns as well as tangible environmental impact. The partnership with TRIREC, the leading global decarbonization fund, and the introduction of TVII on our platform will look to help investors deploy capital conscientiously while ensuring that their investments can truly create meaningful and lasting change for future generations”, said Benjamin Twoon, Co-founder & Chief Commercial Officer, Alta.
As the world faces the urgent challenges of climate change, impact investing has gained significant momentum in recent years. In Singapore, the Monetary Authority of Singapore introduced the Finance for Net Zero Action Plan in 2023, outlining strategies to mobilize financing to drive Asia’s transition to net zero and support decarbonization efforts in Singapore and the region.
Melvyn Yeo, Managing Partner of TRIREC, added, “We are extremely pleased to partner with Alta in our third decarbonization-focused fund, TVII. Since 2015, TRIREC has seen over 3,000 deals from both inbound and outbound channels, and we have been extremely selective with the firms we invest in. We are witnessing investor interest in emerging areas of growth and innovation in climate tech and are looking forward to tapping into Alta’s extensive network of global investors. This will enable us to extend the opportunities to invest in high-growth companies that are redefining how humanity tackles decarbonization”.
TRIREC has successfully managed two funds, investing in over 20 decarbonization companies, with three achieving unicorn status. Additionally, TRIREC has successfully exited three of its portfolio companies. TVII, its third fund, further cements TRIREC’s reputation as a leading global platform for decarbonization investments.