About the Award

The annual Investing in Women Awards celebrate LPs who strategically mobilize venture capital in Southeast Asia and demonstrate leadership in inclusive investing.

2025

The 2025 Investing in Women Award will celebrate institutional investors and family offices who play an outstanding role in supporting diverse fund managers. We will recognize LPs who invest in women-led or gender-balanced fund managers.* The award seeks to amplify their impact, inspire broader investment in women-led and gender-diverse funds, and strengthen the investment ecosystem for diverse fund managers.

Supported by Investing in Women (IW)—an initiative of the Australian Government—Propelevate and Preqin, this award highlights inclusivity's critical role in achieving sustainable economic success.

Why are the Investing in Women Awards important?

Gender-balanced VC fund managers can:

  • Broaden access to under-explored or differentiated investment pipelines;

  • Reduce groupthink and cognitive bias, leading to better investment decisions;

  • Better support a diverse array of portfolio companies, driving higher growth and returns; and

  • Enhance risk awareness and governance, supporting long-term performance.

Compared to male-dominated funds, gender-balanced funds have demonstrated:

  • Strong financial performance: 23%, 62%, 118% greater net fund IRR at 6+, 8+, 10+ years respectively; and

  • Reduced risk: threefold lower write-off rates.

In SEA 18% of VC partners are women and 25% of VC funds are gender-balanced.

Eligibility

In order to considered for the Investing in Women 2025 Award the firm must meet the following criteria:

  • Must be a limited partner (LP): asset manager, pension fund, corporate investor, sovereign wealth fund, bank, endowment, foundation or family office.

  • Must have invested in venture capital funds in Southeast Asia in past 3 years

  • Capital Commitment: Investment in women-led or gender-balanced fund managers* (GP).

*A gender-balanced fund manager (GP) is defined as at least 30% representation of either gender in decision-making roles.

Data Source: Source: IFC. Expanding Opportunities for Women in Emerging Markets through Private Equity and Venture Capital. June 2025.

2025 Winners!

  • Saison Capital

    “For us at Saison Capital, backing women GPs isn’t about representation, it’s about unlocking differentiated perspectives, sharper decision-making, and stronger long-term returns for the ecosystem.
    This recognition is a milestone, but the work continues. We remain committed to partnering with more women managers and being commercially one step ahead by backing them.” Pictured, Visa Kannan, Managing Partner of Saison Capital, with Emily Follett, Australian Government.

    Image of two women - presenting a trophy
  • Korea Venture Investment Corporation (KVIC)

    "Investing in women-led funds is not only a matter of social responsibility but also a driver of long-term performance and new market opportunities. In Southeast Asia, we have invested in more than 20 funds to date, consistently supporting 2–5 new venture funds in the region every year, including funds led by women-led and gender-balanced fund managers." -Jihun Han, Head of KVIC Singapore, pictured here with Archer Goh and Vy Le, both of Do Ventures one of the gender-balanced fund managers KVIC invests in.

    Image of two men - one holding a trophy - and one woman

Press Release

  • Investing in Women LP Award 2025 celebrates LPs who are catalysing women-led and gender-balanced venture funds across Southeast Asia.

    Gender balanced investment teams are more likely to invest in women founders, or companies that serve women as consumers, and thus to realise the potential of this underserved market segment.”

    — Hannah Birdsey, CEO, Investing in Women

    SINGAPORE, SINGAPORE, September 10, 2025 /EINPresswire.com/ -- The Investing in Women LP Award 2025 is pleased to announce this year’s winners, recognizing limited partners (LPs) that are paving the way in advancing gender diversity within Southeast Asia’s venture capital (VC) industry. The award celebrates their commitment to investing in women-led and gender-balanced VC fund managers - funds with 30 to 70% female partners - and highlights how diversity is shaping the future of venture capital in the region.

    Winners of the Investing in Women LP Award 2025:
    ● Saison Capital
    ● Korea Venture Investment Corporation (KVIC)

    The award is supported by Investing in Women (IW), an initiative of the Australian Government that focuses on catalyzing inclusive economic growth through women’s economic equality.

    The 2025 Award Recipients were chosen by an independent selection committee comprising senior leaders from across the global investment community. This year’s committee included representatives from Australia’s Department of Foreign Affairs and Trade (DFAT), GIC (Singapore’s sovereign wealth fund), HarbourVest Partners, Pangaea Alternative Advisors, and New Dimension Capital. Their collective expertise ensured a rigorous and thoughtful review of nominees, grounded in data provided by data partner Preqin. Design, nomination and selection of the award is managed by Propelevate, a consulting firm that enables investors to deliver social impact.

    This year’s awardees were recognized for their catalytic role in advancing gender diversity in Southeast Asia’s venture ecosystem, be it through anchoring first-time funds or championing women-led and gender-balanced fund managers. “We focus on managers with deep knowledge of local markets across Southeast Asia, India and Brazil. Backing women-led and gender-balanced funds is a natural extension of that strategy and we are honored to be recognized by the Investing in Women LP Award this year,” highlighted Visa Kannan, Managing Partner of Saison Capital. Singapore-based Saison Capital is the venture arm of Credit Saison, one of Japan’s largest non-bank financial companies, listed on the Tokyo Stock Exchange.

    "Investing in women-led funds is not only a matter of social responsibility but also a driver of long-term performance and new market opportunities. In Southeast Asia, we have invested in more than 20 funds to date, consistently supporting 2–5 new venture funds in the region every year, including funds led by women-led and gender-balanced fund managers," shared Jihun Han, Head of KVIC Singapore. Since 2005, KVIC has been entrusted by ten ministries of the Korean government to raise and allocate venture funds.

    “This award shines a spotlight on the vital contribution women are making to growing and diversifying Southeast Asia’s investment landscape. Gender balanced investment teams are more likely to invest in women founders, or companies that serve women as consumers, and thus to realise the potential of this underserved market segment,” stated Hannah Birdsey, CEO of Investing in Women. “We are delighted to recognise LPs that are leading the way in building a more gender-equal future for the industry.”

    This second edition of the Investing in Women LP Award builds on a growing body of evidence that inclusive investment practices deliver both stronger financial returns and meaningful social impact. “There are demonstrated benefits to LPs of investing in gender-balanced funds including access to under-explored or differentiated investment pipelines, and reduced groupthink and cognitive bias, both leading to better investment decisions and higher returns,” said Krisila Benson, Managing Director of Propelevate.

    According to a recent International Finance Corporation Report¹, among VC funds at least six years old, gender-balanced funds reported net internal rates of returns (IRRs) roughly 23% higher than male-dominated funds. This was even more pronounced in funds over ten years old, with more than double the IRR than male-dominated funds. According to this same report, 18% of VC fund partners in the region are women, an increase over previous data.

    Together, this year’s award winners channel meaningful capital into Southeast Asia’s venture markets, shaping not just portfolio outcomes but the wider investment landscape. They are demonstrating how women-led and gender-balanced funds are becoming an essential part of building a stronger, more resilient venture ecosystem in Southeast Asia.

    About the Investing in Women LP Award
    The Investing in Women LP Award celebrates institutional investors and family offices who play an outstanding role in supporting women-led and gender-balanced venture fund managers across Southeast Asia. The award seeks to amplify their impact, inspire broader investment in women-led and gender-diverse funds, and strengthen the investment ecosystem for diverse fund managers.

    About Investing in Women
    Investing in Women (IW), an initiative of the Australian Government, focuses on accelerating women’s economic equality across Southeast Asia. By fostering equitable opportunities within the private sector, it aims to promote inclusive and sustainable economic growth in targeted countries. For more information, visit Website.

    About Propelevate
    Propelevate is a boutique consulting firm working at the intersection of the private sector and social impact around the world. For more information, visit our Website.

    ¹ IFC, Expanding Opportunities for Women through Private Equity and Venture Capital, June 2025

    Media Contact
    For more information, visit 2025 Investing in Women LP Award Announcement Page.

    Gary Wong
    Propelevate
    +65 8613 8682
    gwong@propelevate.global
    Visit us on social media:
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The 2025 Investing in Women Awards Selection Committee:

  • Hemal Mirani

    MANAGING DIRECTOR
    HarbourVest Partners

  • Emily Chew

    HEAD OF SUSTAINABILITY
    GIC

  • Angus Kathage

    BLENDED FINANCE & INVESTOR ENGAGMENT
    Australia - DFAT

  • Elaine Foo

    FOUNDER & CEO
    New Dimensions Capital

  • Haw Rer Au Yong

    PARTNER
    Pangaea Alternative Advisors

About the Award Partnership

The Investing in Women LP Award recognizes and celebrates LPs leading the way in several gender-inclusive investment practices in Southeast Asia. By highlighting exemplary investors, the award aims to inspire broader adoption of gender-inclusive practices and strategies that drive innovation and economic growth across the region. This award is part of a three year initiative to recognize LPs who annually implement strategies to accelerate women’s economic empowerment throughout Southeast Asia.

Stay Updated

The Investing in Women LP Award is not just about recognition—it’s about inspiring a broader shift towards investment strategies benefiting women among the limited partner investment community. As more organizations embrace inclusivity, investment opportunities will continue to evolve. Don’t miss out on the opportunity to stay ahead—learn from the leaders already making it happen.