S$150 Million Fund Targets Singapore and Southeast Asia
Yangzijiang Financial, listed on the Singapore Exchange, is collaborating with Temasek-backed Heliconia Capital to launch a fund aimed at supporting small and medium-sized enterprises (SMEs) in Singapore and Southeast Asia. The fund has a target size of up to S$150 million.
As the anchor limited partner, Yangzijiang Financial will contribute S$80 million to the Heliconia Generation Fund Limited Partnership. The investments will be made through various structures, including equity, debt, and hybrid debt-equity models, according to a filing on Tuesday (Nov 22).
The fund’s focus is on investing in high-potential SMEs, particularly in Singapore and Vietnam, with the goal of attracting additional capital through co-investment initiatives alongside other Heliconia-managed funds, such as the SME Co-Investment Funds.
“Heliconia targets growth-oriented SMEs with strong market positions, sustainable competitive advantages, skilled management teams, and potential for regional or global prominence,” Yangzijiang Financial noted.
Vincent Toe, CEO and Chief Investment Officer of Yangzijiang Financial, highlighted the strategic importance of SMEs in Southeast Asia’s economic landscape, stating: “This fund provides an exciting opportunity to invest in and support the growth of promising businesses in the region.”
Derek Lau, CEO of Heliconia, emphasised the value of partnerships, noting, “This aligns with our co-investment objectives, leveraging networks and collaborations with like-minded investors such as Yangzijiang Financial to benefit our investee companies.”
Before the announcement, Yangzijiang Financial’s shares closed at S$0.34 on Tuesday, marking a slight decline of S$0.005 or 1.5 per cent.
