MAS expands private markets programme to develop SG’s private markets hub

The central bank will invest an additional $1.4b for the expansion.

The Monetary Authority of Singapore (MAS) will invest an additional $1.4b (US$1b) to expand the scope of the private markets programme in a bid to boost Singapore’s status as a private markets hub.

In a speech at the Superreturn Asia Conference, MAS Managing Director Ravi Menon said they will coordinate with top global private credit fund managers for the investment.

Under the programme, MAS issues investment mandates to private equity and infrastructure fund managers, who are committed to establishing their presence in the Lion City, said Menon.

“As a result of the $3.09b (US$2.2b) allocated to-date, these managers have committed to grow their assets under management in Singapore. Some have designated the Singapore office as the regional HQ, grown their value creation teams here, and collaborated with institutes of higher learning to create training programmes,” said Menon.

Menon also underscored Singapore’s connectivity and ecosystem which is suitable for PE/VC managers to capture opportunities.

The Lion City also has political and economic stability and well-regulated financial markets.

$1 = US$0.71

Follow the link for more news on

MAS

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia