Monday, 31 August 2015
Last updated 14 min ago
Oct 29 2012 | 1:45pm ET
Hedge fund Dymon Asia Capital is expanding into private equity with the help of Singapore's sovereign-wealth fund.
Dymon plans to raise S$300 million (US$246 million) for its Dymon Asia Private Equity, the firm's managing partner, Keith Tan, told clients last month. One-third of that money will come from Heliconia Capital Management, a subsidiary of Temasek Holdings.
In the e-mail to clients, obtained by Reuters, Tan wrote that the new fund will invest in both private and listed companies, focusing on small- and medium-sized businesses with revenues of between S$25 million and S$500 million.
Dymon currently has US$2.5 billion in hedge fund assets.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…