Verse Holdings Appoints Chris Lerner as Executive Chairman

SINGAPORE,May 10,2023 -- Verse Holdings ("Verse" or the "Group") announces the appointment of Chris Lerner as executive Chairman. In this role,Mr. Lerner reunites with his former team,including fellow co-founders and partners Gianluca D'Angelo,Jackson Chan,Robin Tyrangiel and Jing Yu to lead the Group that owns and operates Thrive Alternatives,where over the past two years Mr. Lerner served as a Senior Advisor,Asense Technologies,its software business,and a newly launched investment arm,Asia Heritage.

Verse is an investment holding company with a singular focus on providing private market fund managers solutions that unlock new efficiencies and help scale their businesses through an innovative combination of capital,technology,and financial advisory services. Mr. Lerner has over 20 years' experience in private investments,corporate finance and cross-border strategy and business development. In addition to his Group level responsibilities,Mr. Lerner will lead the asset management business of the Group and serve as CEO of Asia Heritage.

Verse's President,Gianluca D'Angelo,who also serves as its subsidiary Thrive Alternatives' CEO,commented: "We are thrilled to be back in business with Lerner. He's a great friend and business partner. Having Chris on our platform in an executive capacity will sharpen our focus,strengthen our ability to execute and provide a huge boost to our business development efforts,where in conjunction with his arrival we will be making new additional strategic and personnel announcements."

Chris Lerner added "We've always focused on the areas of greatest inefficiency and highest potential returns leveraging our local market expertise and cross-border experience. Now,we've taken that specialist edge and built a more complete and impactful offering at a time when the industry is undergoing a very real and challenging transformation." Mr. Lerner continued,"Private markets are artificially disjointed,yet inherently global. We've made it our mission to serve as a collaborator breaking down barriers and improving outcomes for all our industry constituents."

About Verse

Verse (verse-holdings.com) is an investment holding company owned and operated by a global collective of private investors and entrepreneurs with a singular focus on private market fund management. We incubate and invest in companies that unlock new efficiencies and help best-in-class private market fund managers scale. Our Group includes Asia Heritage,an investment management company,a data driven software business,and Thrive Alternatives,a private capital advisory firm.