Strictly Private & Confidential — Draft for Discussion — Subject to Legal, Tax & Regulatory Review
D Denver Alternative Capital Partners
Section I

Fund Overview & Objectives

A boutique financing vehicle for ASEAN growth — the framework, structure and flow of capital behind the Fund.

1 — Executive Summary 2 — Structure & Objectives 2.1 — Capital Flow
01 Executive Summary

A boutique financing vehicle for ASEAN growth

This proposal sets out the framework for a boutique fund (the “Fund”) established to provide equity and debt financing solutions to publicly listed companies across the ASEAN region, with financing tenures of two (2) to five (5) years.

The structure aligns investor incentives with the Fund's medium‑term financing strategy — predictable base returns for shorter lock‑ups, and shared upside for capital committed over longer horizons. The Fund targets listed companies on the top ten ASEAN exchanges across nine priority sectors, including healthcare, manufacturing, information technology, food & beverage, food security, cybersecurity and emerging high‑technology ventures.

It is a closed‑end, privately placed vehicle raising capital exclusively from individual investors, with a tiered lock‑up structure and a performance‑linked Special Pool Fund for investors committing 36 months or more.

2–5yrs
Financing tenure
9
Priority sectors
10
Target exchanges (ASEAN)
4
Lock‑up tiers
30–40%/yr
Special Pool growth (exp.)
02 Fund Overview & Objectives

Structure, universe and primary objective

Deploy investor capital into a diversified portfolio of equity participations and debt instruments in publicly listed ASEAN companies, targeting businesses that require growth or bridge capital over a 2–5 year horizon.

Fund type
Boutique, closed‑end private fund focused on equity and debt financing.
Primary objective
Deploy investor capital into a diversified portfolio of equity participations and debt instruments in publicly listed ASEAN companies.
Investment universe
Publicly listed companies on the top 10 ASEAN stock exchanges.
Financing tenure
2 to 5 years per transaction, matched to the Fund's overall horizon.
Sector focus
Nine priority sectors, including healthcare, manufacturing, IT, F&B, food security and cybersecurity.
Source of capital
Raised exclusively from individual investors through private placement.
Return sources
Interest income, profit participation, dividends, and capital gains realised upon exit or maturity of underlying investments.
Minimum commitment
12 months, with extended lock‑up tiers of 24, 36 and 60 months available.
2.1 Fund Capital Flow

How capital moves through the structure

Fund capital flow diagram Individual investors provide equity and debt capital to the Fund, which deploys financing to investee companies; income, profit participation, dividends and capital gains flow back to investors. equity + debt financing returns distribution Source of capital Individual Investors Private placement subscriptions The Fund Boutique Equity– Debt Financing Fund Equity + debt deployment across ASEAN issuers Deployment Investee Companies Listed ASEAN issuers
Figure 1 — Fund capital flow. Capital flows from individual investors into the Fund, which deploys it as equity and debt financing to investee companies; income and gains flow back for distribution to investors. Returns to the Fund are generated from interest income, profit participation, dividends, and capital gains realised upon exit or maturity of underlying investments.
Next — Section II
Investment Strategy & Markets
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