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MAS expands private markets programme to develop SG’s private markets hub

The central bank will invest an additional $1.4b for the expansion.

The Monetary Authority of Singapore (MAS) will invest an additional $1.4b (US$1b) to expand the scope of the private markets programme in a bid to boost Singapore’s status as a private markets hub.

In a speech at the Superreturn Asia Conference, MAS Managing Director Ravi Menon said they will coordinate with top global private credit fund managers for the investment.

Under the programme, MAS issues investment mandates to private equity and infrastructure fund managers, who are committed to establishing their presence in the Lion City, said Menon.

“As a result of the $3.09b (US$2.2b) allocated to-date, these managers have committed to grow their assets under management in Singapore. Some have designated the Singapore office as the regional HQ, grown their value creation teams here, and collaborated with institutes of higher learning to create training programmes,” said Menon.

READ MORE: MAS rolls out transformation map for the financial services industry 

Menon also underscored Singapore’s connectivity and ecosystem which is suitable for PE/VC managers to capture opportunities.

The Lion City also has political and economic stability and well-regulated financial markets.

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