The proposed investment is for up to US$16M in ACV Capital III L.P. (“ACV Fund III”, or “the Fund”). ACV Fund III is a US$120M (target) Indonesia focused venture capital (VC) fund. The Fund will be managed by ACV Capital III G.P. (“ACV” or “the Manager”). ACV Fund III targets to write initial check at seed and pre-Series A stage and follow on through Series B. The Fund will focus on the following verticals: eCommerce and Direct-to-Consumer (“D2C”), Logistics, Fintech, Edtech, Healthcare, and B2B SaaS.