Trendlines Group to pause creation of new startups, focus on exits to deliver dividends
SINGAPORE-LISTED The Trendlines Group : 42T 0% is positioning itself to help its portfolio companies achieve exits this year in spite of tightening financial conditions.
The company will pause new investments and establishing new companies, said its co-chair and co-chief executive Todd Dollinger in an investor update call on Monday (Mar 27).
Much like a venture capitalist, Trendlines invests in startups with the aim of reaping significant returns when they achieve exits. It has a portfolio of 56 companies, which Dollinger said require more of the company’s time and effort to help them mature. The company made its last planned purchase on Dec 31, 2022.
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