Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.

The funds will target a size of about $150 million each, the same size as the existing funds for those countries, Kee Lock Chua, group president and CEO of Vertex, told Reuters in an interview.

“The funds will be about the same size, give or take 20 percent,” Chua said on the sidelines of the China Private Equity Summit.

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