National Development Fund of Taiwan General Information
National Development Fund of Taiwan (NDF) is a sovereign wealth fund located in Taipei, Taiwan. NDF was established in 1973 to support industry innovation, research, and development in Taiwan. The firm provides direct investment into firms, indirect investment via venture capital funds, and loan financing. The company has invested in more than 50 venture capital funds globally. The Executive Yuan has set up a National Development Fund which was formed by merging with Sino-American Fund in October 2006. The assets of the fund are managed and governed by the Investment Committee.