MAS to set up $6.90b fund for PE and infrastructure investments

It is geared towards PE and infrastructure fund managers that are deepening or establishing their Singapore presence.

The Monetary Authority of Singapore (MAS) will launch a $6.90b (US$5b) fund for private equity (PE) and infrastructure fund managers as part of its initiatives to enhance private markets financing channels, an announcement revealed.

“MAS has been working closely with the industry to position Singapore as the leading enterprise and infrastructure financing hub in the region,” MAS deputy managing director Jacqueline Loh said. The PMP will enhance our private markets ecosystem and strengthen the value proposition of Singapore’s asset management industry as a gateway for investors to tap the region’s growth opportunities

Under the $6.90b private markets programme (PMP), MAS will support PE and infrastructure fund managers that are onwards deepening their presence or establishing a significant presence in Singapore. The programme builds on the agency’s external fund manager programme that has helped to anchor global asset managers in the public markets space.

Aside from the new fund, MAS also revealed the introduction of MATCH which is a large-scale deal making platform that curates and matches promising ASEAN enterprises with private capital. The scheme has already generated more than 17,000 matches between 380 participating investors and 840 enterprises.

MAS noted that it will also work with the industry to establish private market funding platforms that connect growth companies with a wider investor network.