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Venture Capital

Govt Underwriting Of Venture Capital Funds Generates Oversight Costs: Larry Glaeser, Whatifics

by dealstreetasia.com posted 2years ago 1846 views
"When Singapore government underwrites some of the risk for VCs here, the fund’s fiduciary responsibilities is not only to its LPs but also to the Government which is acting like a bank of sorts, and thus has a large number of covenants attached with the money it disburses," Glaeser.