Sakae to establish $250m asset management business

To complement its financial services business.

Sakae Holdings is set to establish a $250m of an asset management business. The fund will invest in both public and private opportunities where Sakae can identify deep value whether because of growth prospects, market inefficiencies or otherwise. 

“An asset management business is the logical next step in the development of our financial services business as it would allow us to further reinforce the partnership with our stakeholders and benefit the companies that we invest in as well as promote our investors’ goals," said Douglas Foo, Founder of Sakae Holdings.

The move was announced at the 2015 EMPEA Members-Only Reception on 2 February. EMPEA is the leading global industry association for private capital in emerging markets, with over 300 member firms who together manage more than US$1 trillion of assets.