Eaton Partners Acts as Exclusive Placement Agent for MindWorks Ventures Fund IV

STAMFORD, Conn. and HONG KONG, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to have acted as the global exclusive placement agent for Hong Kong-headquartered MindWorks Capital ("MindWorks" or the "Firm"), for its fourth fund, MindWorks Ventures Fund IV L.P. ("Fund IV" or the "Fund").

Fund IV, alongside parallel and committed co-investment vehicles, held a final close of over $220 million USD, bringing MindWorks Capital's total AUM to over $1.4 billion USD, diversified across early-stage venture capital investments in Greater China, Southeast Asia, and globally.

"In a difficult fundraising environment for Asia-based venture capital firms, MindWorks has been fortunate to count amongst its investors for Fund IV several sovereign wealth funds, a university endowment, asset managers, leading family offices, and many prominent new economy entrepreneurs," said David Chang, Founding Partner of MindWorks. "The successful fundraising campaign for Fund IV reflects the quality of our Pan-Asia platform and the strength of our performance since inception in 2013, including backing several currently high-profile companies from their Pre-A to Series B rounds, including Lalamove, XTransfer, Finture, Panex, and Glints."

"While some China-based venture capital firms have found it difficult to attract US dollar capital, MindWorks' institutionalized cross-border and cross-region investment strategy in Greater China and Southeast Asia has resonated with several global investors seeking to deploy capital in Asia," ...