Development Bank of Japan Invests in Seviora Fund

The Development Bank of Japan Inc. (DBJ) has formalized an investment agreement with Seviora Capital Pte Ltd to invest in the Seviora T3F Feeder Fund LP. Seviora Capital, led by Chief Executive Officer Jimmy Phoon, is an asset management company and a wholly-owned subsidiary of Temasek Holdings (Private) Limited. Temasek Holdings, wholly owned by the Singapore Minister for Finance, oversees Seviora Capital’s operations.

The Seviora T3F Feeder Fund LP focuses on agriculture and food technology within the APAC region, as announced in February of this year. Seviora Capital’s objective is to enhance the sustainability of the food and agriculture sector by utilizing Temasek’s sector expertise and network. This involves efforts such as optimizing the value chain and adapting to evolving consumer demands.

DBJ’s investment in the Seviora T3F Feeder Fund LP aims to acquire advanced knowledge to address challenges in the food and agriculture sectors, thus contributing to the industry’s growth. This initiative aligns with DBJ’s corporate philosophy, which emphasizes designing future solutions through financial expertise, expanding financial frontiers, and supporting sustainable development in Japan and globally.