AIFF was launched in August 2022 with an investment mandate to support innovative and high-growth social enterprises in the region.
DBS and impact investment platform Heritas Capital have announced the first close of the Asia Impact First Fund (AIFF), raising over US$20 million.
The funding is led by anchor investor DBS which committed US$10 million ($13.4 million). Other participants include Tsao Family Office, IMC Group, Ishk Tolaram Foundation, ANF Family Office and chairman of Octava Foundation Pang Sze Khai.
