The Monetary Authority of Singapore has set aside $5 billion for private equity and infrastructure fund managers who are committed to anchoring in the Lion City.
The private markets programme (PMP) builds on the Monetary Authority of Singapore's current external fund manager programme targeted at global asset managers in the public markets space.
«The PMP will enhance our private markets ecosystem and strengthen the value proposition of Singapore’s asset management industry as a gateway for investors to tap the region’s growth opportunities,» said Jacqueline Loh, deputy managing director at the Monethary Authority of Singapore, or MAS, in a media statement.
Large-Scale Deal Making Platform
Peter Ong, MAS Board Member and Chairman of Enterprise Singapore, highlighted the new initiatives at the Global Investor Summit of the Singapore Fintech Festival. These initiatives are aimed to support the growth of Asian enterprises and the infrastructure financing market.
MAS also introduced a large-scale deal making platform, MATCH, that curates and matches promising ASEAN enterprises with private capital. According to data from the MAS, more than 17,000 matches have been generated by the platform between 380 participating investors and 840 enterprises.
Growing Talent Pool
While growing the the local talent pool, the monetary authority will provide flexibility on the hiring of foreign specialists in the private equity (PE) and venture capital (VC) industry.
In addition, MAS has introduced the Venture Capital Investment Model Agreements (VIMA) for early stage VC transactions that enable deal and cost efficiencies through a set of standardised and easily accessible documents f0r both investors and enterprises to use and adapt.
