Indonesian enterprise capital agency East Ventures’ Koh Wai Package, who had been serving because the Managing Accomplice since his appointment in 2021, has stepped down from his position. This was confirmed by sources near DealStreetAsia.
Previous to his tenure at East Ventures, Package was deeply concerned within the enterprise capital sector, holding the place of CEO at a licensed fund administration platform.
He additionally performed a foundational position at Pavilion Capital, a non-public fairness agency backed by Temasek, main investments throughout varied Asian markets and in a number of notable tech unicorns together with Gojek, Didi, and Xiaohongshu.
Previous to this, Working Accomplice David Fernando Audy had additionally stepped down in November 2023, transitioning to a director position at Sinar Mas.
East Ventures’ Co-founder and Managing Accomplice Willson Cuaca commented on these adjustments, noting that they stem from distinctive, private circumstances.
He confirmed that whereas Koh Wai Package is transitioning to an advisory position beginning January 2024, there aren’t any instant plans to hunt a alternative. Cuaca emphasised that the present companions and group would take in their tasks.
Below Package’s steering, East Ventures reached vital milestones, together with the profitable elevate of US$250 million for its newest fund, Development Plus.
The agency, with over US$1.5 billion in property beneath administration, has made investments in over 300 corporations together with fintechs comparable to Xendit, wagely, Finantier amongst others.
Featured picture: East Ventures