Temasek Holdings, an investment company owned by the Government of Singapore, announced it had established a new wholly-owned asset management subsidiary called 65 Equity Partners in the city state. The new firm will focus on equity and structured equity investments, starting with Singapore and building on its presence across Southeast Asia, Europe, and the United States.
65 Equity Partners will have funds under management of S$4.5 billion ($3.3 billion), and will principally invest in established companies with regional or global aspirations and market values between approximately $1 billion and $5 billion. The platform will target deal sizes of between US$100 and US$200 million.
The firm will invest across industries with strong structural tailwinds, such as consumer, industrial & business services, logistics, healthcare, and technology, underpinned by committed owners and management teams.
The firm’s strategy is to provide capital solutions to large local enterprises, and catalyze their growth as they pursue their regional expansion and transformation strategies. In Singapore, it also plans to work closely with other Singapore-focused funds such as Heliconia Capital Management, Tower Capital Asia and Novo Tellus Capital Partners.
65 Equity Partners is managed by a core team of investment professionals led by CEO Tan Chong Lee, who also holds the position of President of Temasek International. It is also expanding its international footprint by building its team across offices in Europe and the US, in addition to its headquarters in Singapore.
Commenting on the launch, Tan said, “As an investment firm, we seek to generate superior risk-adjusted returns by leveraging our strong local insights, broad Asian network and international presence. 65 Equity Partners aims to be the partner of choice for promising companies looking to accelerate growth, reorganize their capital structure, execute M&A or provide liquidity to their shareholders. We look forward to working hand-in-hand with businesses on their journey to realize their ambitions and growth potential.”
