Singapore’s push to become a global hub for the superrich is expected to boost its private equity market (PE), as family offices help drive a global resurgence in private investment dealmaking, analysts said.
Many of these fortune managers based in the city-state have been providing capital for some of the year’s biggest acquisitions, Neha Singh, chairwoman and managing director at Tracxn Technologies, said in an interview with Singapore Business Review.
Diversifying portfolios
Singh said family offices, which manage the wealth of the ultra-rich, are likely joining forces with private equity firms to diversify their investment and benefit from higher returns. “PE firms have diversified portfolios, and such partnerships potentially create more investment opportunities for family offices,” she said.
This story is from the Issue No. 109 edition of Singapore Business Review.
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This story is from the Issue No. 109 edition of Singapore Business Review.
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