Yangzijiang Financial has announced that it will be the anchor investor in a $100 million investment fund focused exclusively on Singaporean small and mid-cap enterprises.
This follows the launch of the $5 billion equity market development programme launched by the Monetary Authority of Singapore (MAS), and MAS’s $1.1 billion focus on small and mid-cap stocks.
The investment fund is launched by ICH Asset Management, and capital will be deployed across multiple stages of the investment lifecycle, from pre-IPO through to IPO participation, and post-listing placement, and active trading in public securities.
The deployment of funds is expected to commence in September, across sectors including technology, healthcare, sustainability, and consumer services.
Shares in Yangzijiang Financial closed flat at 1.5 cents on Aug 18.
