Fifth Wall recently appointed Yvonne Voon as the partner to oversee its recent Singapore office opening and overall expansion efforts in the Asia-Pacific region, according to a press release.
“As the largest and most active built world technology investor across North America and Europe, Fifth Wall has long had ambitions of expanding into Asia,” co-founder and managing partner at Fifth Wall, Brendan Wallace, said. “We are thrilled to welcome a senior leader like Yvonne to our team to further propel our commitment to PropTech and Climate Tech globally, replicating our leading position with an expansion to Asia.”
With a catalog of more than 110 partners from around the world, including some leading investors from the Asia-Pacific region such as CDL, Keppel Land, Mitsubishi Estate and the New Zealand Super Fund, Fifth Wall operates in North America and Europe with more than $3.2 billion in assets under management.
Based in Singapore, Voon accepts her new role with the company after serving as head of Group Capital Raising for APAC logistics property specialist, LOGOS Property.
Before that, she contributed to Credit Suisse for 14 years as the global investment bank’s head of Southeast Asia Real Estate, Investment Banking and Capital Markets.
“Over the course of my tenure fostering and expanding investor relations, Fifth Wall and their expansive LP network across both the U.S. and Europe has long been on my radar,” Voon said. “I am excited to leverage my long-standing investor relationships and deep market expertise at the critical intersection of technology and real estate to help accelerate the growth of PropTech and Climate Tech across the APAC region.”
Since Fifth Wall’s establishment in 2016, PropTech’s North American investment rates have grown by 43% on an annual basis, while its Asian-Pacific investments saw a growth rate of 58%. With more than 1,000 North American VCs active in Asia, PropTech has now grown at 26% on a global scale.