GEMS II AND II
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General Enterprise Management Services Limited (GEMS) is a private equity
fund management group that manages the GEMS Funds (GEMS I – 1998 vintage,
GEMS II – 2001 vintage and GEMS III – 2005 vintage). These funds
make direct investments in the Asia Pacific Region. Funds under management
in GEMS II total US$248 million and in GEMS III they total US$173 million,
representing capital commitments from corporate clients and selected individual
investors from around the world. |
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VenFin has invested US $12.5 million in GEMS II, US $5.37 million of which
has been returned to date.
GEMS II originally made eleven investments – four are fully exited
and seven remain in the portfolio. These investments comprise a Personal Digital
Assistant (PDA) manufacturer, two semi-conductor manufacturers, a mobile software
application provider, a supermarket chain, an oil reserve development company
and a retailer.
GEMS III has made three investments to date – one in a listed property
developer in Thailand, one in a Singapore-based insurance syndication company
and one in a GSM network operator in New Zealand.
The future
Going forward, management will focus its efforts on the realisation of the
remaining seven investments in GEMS II as well as making further investments
through GEMS III.
