Paul Allen’s Vulcan Capital Enters Singapore With $100 Million
- Firm will target Southeast Asian ventures to maximize returns
- Investment returns will go to Vulcan’s philanthropic efforts
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Vulcan Capital, the investment house of late Microsoft Corp. co-founder Paul Allen, has opened its first international office in Singapore. The multi-billion dollar fund intends to invest an initial $100 million across Southeast Asian startups.
Vulcan Capital is an unusual addition to the city-state’s investment scene. It is part of Vulcan Inc., which oversees the billionaire’s holdings and supports his causes in everything from elephant conservation to artificial intelligence research. Chief Executive Officer Bill Hilf channeled his late boss’s methodical approach when Vulcan took almost three years to decide on Singapore as an Asian base.