Venture credit, built
for Southeast Asia.
Senior debt with equity upside, lending to revenue-generating tech startups against enterprise receivables — with capital returned in under five years rather than ten.
Get in TouchA credit gap no one else is filling.
Southeast Asia's tech ecosystem has matured. Seed-stage companies are generating real revenue from established, creditworthy customers of every kind — enterprises, institutions, and businesses — yet they remain locked out of traditional bank debt. Banks require years of financials and hard collateral. Venture capital means giving up equity at the worst moment. The result: revenue-generating startups are capital-constrained precisely when they should be scaling.
Venture debt exists in Southeast Asia, but only at the top of the market. Established regional lenders operating out of Singapore serve growth-stage companies that already have institutional access. Few target the seed-to-pre-A stage, and fewer still reach beyond one or two markets. New Avenue Capital targets the earlier, underserved cohort across the region: companies with traction and receivables, not yet large enough for the incumbents to prioritise.
This is a first-mover position in a market where the underlying demand is already proven. Across Southeast Asia, tech startups are raising seed rounds, signing enterprise contracts, and building receivables books. The financing infrastructure has not kept pace. New Avenue Capital Fund I is built to capture that gap and establish the category before anyone else does.
Senior debt with equity upside.
Senior Secured Position
Short-term facilities secured by a first lien on enterprise receivables — the borrower’s contracted revenue from established corporate counterparties — with rollover and prepayment options.
Recurring Interest Income
Regular cash interest provides a predictable, recurring income stream that is largely independent of any single portfolio company’s performance.
Equity-Linked Upside
Each facility carries attached warrants, adding a layer of potential upside on top of interest income as portfolio companies raise and grow. Full economics are shared with qualified investors.
Short Duration & Capital Preservation
Facilities are structured with short tenors and rolling maturities, targeting capital return in under five years. Collateral-backed positions and disciplined underwriting are designed to protect downside throughout the fund life.
A risk-adjusted position between venture capital and bank debt.
Venture capital offers high return potential, but over a long hold of roughly ten years, with returns concentrated in a small number of winners and an instrument that is fully subordinated equity — no regular income, no collateral. New Avenue Capital targets a fund life under five years, with recurring cash interest from day one and a senior debt position secured by first-lien receivables. The trade-off shifts meaningfully toward income and downside protection.
Conventional bank debt in the region is collateral-backed but rate-compressed, with no warrant component and no exposure to the upside of a high-growth portfolio. New Avenue Capital is designed to deliver returns above conventional bank debt, with comparable structural protection — a senior, collateral-secured position — plus the equity upside that bank lenders do not carry. Target returns and full economics are provided to qualified investors in the fund materials.
| Asset Class | Risk | Return Profile | Hold Period |
|---|---|---|---|
| Venture Capital | High | Equity upside, concentrated | ~10 years |
| Venture Credit (NAC) | Medium | Interest income + equity upside | <5 years |
| Bank Debt | Low | Interest only, rate-compressed | 2–8 years |
New Avenue Capital occupies the middle of this table by design — not as a compromise, but as a deliberate structural position. Senior debt with equity participation captures part of the return potential of early-stage tech with the protection mechanics of asset-backed lending.
An institutional structure built for cross-border capital.
Investors
Institutions · Family Offices · HNWIs allocation to alternative private debt.
Institutional Structure
A cross-border fund vehicle built to receive institutional capital under a stable, well-regulated framework.
Licensed Lender
Locally compliant, on-the-ground lending — starting in the Philippines and expanding across Southeast Asia.
Tech Startups
Target allocation across 40–60 high-growth Southeast Asian tech companies.
Capital flows cleanly across the structure, with institutional-grade reporting, independent audit, and legal oversight applied throughout. Full details are provided to qualified investors in the fund materials.
Interested in learning more?
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Or email us directly: invest@newavenuecapital.com