$LHGI signs MOU with Passion Venture Capital
Press Release | 07/21/2020
Lighthouse Global Holdings, Inc (LHGI) announces signing of MOU with Passion Venture Capital (Singapore), a MAS Registered Fund Management Firm
LIGHTHOUSE GLOBAL HOLDINGS, INC. (Ticker: LHGI), a Holdings Company for Tech Start-ups, is set to expand its acquisition target to include a range of revenue generating companies that have impact on the ESG (Environmental, Social, Governance) sectors.
July 21, 2020, NV: LHGI has signed a MOU with Passion Venture Capital Pte Ltd (PVC), to set up funds specifically for financing the development projects within the Projagg platform. Projagg, is a project aggregator for real estate and infrastructure development industry.
Under the Monetary Authority of Singapore(MAS) and the Accounting and Corporate Regulatory Authority(ACRA) framework, a Variable Capital Campany(VCC) can be used for a wide range of investment funds to provide fund managers greater operational flexibility and cost savings.
PVC is a Capital Market Services(CMS) licensed Fund Manager, founded by Davy J. Goh. Davy has more than three decades of business, banking and finance industry experience serving both local and international companies. His passion with investing and growing Fintechs and innovative businesses led him to start PVC.
Projagg, a real estate and infrastructure development platform, has a pipeline of more than 20 projects to explore and review based on their feasibility and viability. Many of these projects involve development of various types such as residential, commercial, industrial, hotels & resorts and infrastructures that require funding range of US$2 million to US$100 million.
Danny explained, "Funding Development Project is a huge potential. However, there are just too many factors that increase its risk. With the collaboration of Projagg and PVC, we intend to reduce such risks to a similar level of asset investment. "
PVC has agreed to collaborate with LHGI to raise the capital dedicated to projects executed strictly within the Projagg platform.
"PVC is a result-oriented fund manager that aims to provide an avenue for investors seeking access to growing Asian economies. We invest in start-ups and provide seed money for companies with the potential to grow and tap into the vast global consumer markets. We intend to formulate, together with LHGI and Projagg leveraging Projagg unique vaultchain technology, to create winning investment strategies that will make project development funding an asset-class investment." commented Davy.
Real Estate Development has long been touted as a risky investment and not for the faint hearted investors. Developing ground-up projects are fraught with risks of uncertainty; situational crisis like the Covid pandemic, construction delays, misuse of funds and mismanagement of projects. Projagg serves as a tool to ensure total transparency and accountability of fund disbursement during the entire development period. This eliminates any potential of frauds, misuse or misappropriation of funds.
Davy added, "Together with LHGI - 2 specific purpose funds; First is Projagg REDV Fund for real estate development projects that caters to mini-project funding of US$2 million to $6 million per project. Second is Projagg Green Fund, which will be open to Institutional and Family Offices with the primary mandate of investing in renewable energy in the developing asian countries to assist these countries to move to clean energy."
Since early 2019, investors seem bullish on Build-to-core deals. A Build-to-core portfolio consists of development projects, as well as a stabilized portfolio of modern assets derived from completed projects. The global construction is set to rise to US$12.9 trillion by 2022, according to GlobalData Construction Intelligence Centre.
The potential of project funding seems to be a huge opportunity for investors. Projagg should be able to reduce some risk factors to provide more confidence to investors.
"We are hopeful that with this Projagg REDV Fund and Projagg Green Fund set up, we will help Real Estate Developers get their projects funded and completed at highest efficiency. We are excited that our acquisition strategy is on the right track, and should significantly add value to our holdings company soon." said Danny.
As for the Green Financing, wind and solar power have been the main driving force for private fund investmentment in renewables, as illustrated by chart. Cost has reduced as better efficiency technology increases output at a lesser cost per KW. Unfortunately, most electrical bills had not gone down yet. Nevertheless, investors still view renewable energy as the most attractive infrastructure investment as a long term asset-class portfolio, while doing good for the environment and the country.
Courtesy of Pwc
According to a report by PwC, renewable energy investments may surpassed US$250 billion by 2025. With favorable government policies and readiness, more renewables are expected to be replacing coal energy in the future. Projagg Green Fund should be able to position themselves well to attract more funding as they have an edge over the other funds. Projagg is powered by vaultchain technology and this ensure investors that their capital are protected.
With this third MOU signing within 30 days, LHGI has finally unveiled its plan on how it intends to grow and nurture startups into Unicorns. Hopefully, their portfolio of startups will be successful and grow exponentially as their Projagg Funds take shape and take off.
About Lighthouse Global Holdings, Inc.
Lighthouse Global Holdings, Inc. is a diversified holdings company that acquires emerging companies in key industries where rapid revenue growth and market share penetration are poised for significant gains. Our main focus is to acquire, nurture and partner with technology-driven startups to bring them to Nasdaq or any National Exchanges in 5 years. Our target companies must have revenue or a ready market, competent management teams with in-depth experience in their industry and have developed products or services that have a unique edge in their marketplace. Our evaluation matrix and consultant screening process help us filter hundreds of opportunities to effectively pick companies that can grow and evolve into high performing growth entities. In short, we hope to be a "Unicorn Breeder" in time to come. For more information on Lighthouse Global Holdings, Inc., visit www.LHGIncorp.com.
