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Yangzijiang Financial, Heliconia join hands to invest in promising SMEs in SG

The parties are targeting to invest up to $150m.

SGX-listed Yangzijiang Financial has partnered with Heliconia Capital Management (Heliconia) to invest in promising small and medium enterprises in Southeast Asian countries, particularly in Singapore and Vietnam. 

The parties are targeting to invest up to $150m; of the total, $80m will come from Yangzijiang Financial. Investments will be made through the Heliconia Generation Fund Limited Partnership.

The fund will co-invest alongside the other funds managed by Heliconia to catalyse more capital for promising SMEs.

“Investments may be structured in the form of equity, debt and/or hybrid debt-equity structures,” Yangzijiang Financial said in a bourse filing.

As the anchor limited partner of the fund, Yangzijiang Financial will have one representative in the fund’s investment committee to represent its interests as a limited partner in the Fund. 

Where appropriate, Yangzijiang Financial will explore co-investment opportunities alongside the fund. 
 

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