MTI and Temasek tap two managers for $1.5b Anchor Fund 2
This follows the launch of the first Anchor Fund tranche in 2022.
The Ministry of Trade and Industry and Temasek have announced the appointment of Fullerton Fund Management and 65 Equity Partners as fund managers for the second $1.5b tranche of Anchor Fund (Anchor Fund 2).
The appointment follows the government’s co-investment with Temasek to launch the first $1.5b tranche of the fund in 2022, aimed at attracting high-quality listings.
Anchor Fund 2 will invest in growth enterprises preparing to list on Singapore’s public markets, and provide capital to late-stage private companies aiming for eventual public listings.
Fullerton Fund Management will act as a cornerstone investor in public listings, whilst 65 Equity Partners will provide growth capital and strategic guidance to late-stage private companies.