Heliconia Capital Management Keen on Singapore’s SMEs

Heliconia Capital Management, a sovereign wealth enterprise (SWE) of Singapore’s Temasek Holdings, is backing investment in a fund managed by Dymon Asia Capital by allocating S$ 100 million to it. The firm plans to raise S$ 300 million in its Dymon Asia Private Equity fund. The private equity fund plans to target both public and private small to medium businesses (SMEs).

The government of Singapore wants to develop SMEs in Singapore by providing a diverse funding base of growth capital. They are targeting to have a S$ 1.5 billion public-private co-investment fund for Singapore-based SMEs funded by both public and private capital. Heliconia Capital Management was created to manage the vehicle. Heliconia will continue to appoint private equity managers to source capital to match the government of Singapore’s investments.



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