Singapore sets growth capital workgroup to strengthen regional funding pipeline
It will study the financing value chain across deal origination, capital raising, and mobilisation.
Singapore will set up a growth capital workgroup to develop strategies to strengthen the country as a leading centre for growth capital, with recommendations due by end-2027.
The workgroup will be chaired by Chee Hong Tat, Minister for National Development and deputy chairman of the MAS board, with support from MAS and MTI, the release said.
MAS and MTI said the workgroup will recommend measures to support the financing needs of companies from Singapore and the region across various growth stages.
The workgroup will build on the equities market review group’s work to improve the competitiveness of Singapore’s equities market and will look beyond listed equities into other parts of growth capital markets, including venture capital, private equity, private credit, and securitised assets, the release said.
It will study the financing value chain across deal origination, capital raising and mobilisation, and capital recycling, with the stated aim of supporting Singapore’s startup ecosystem and helping enterprises scale regionally and globally, and it will provide interim updates along the way.
Annex A lists members from both the public and private sectors, including representatives from Goldman Sachs, GIC, Temasek, BlackRock, Granite Asia, the Economic Development Board, Enterprise Singapore, Keppel, AIA, Sumitomo Mitsui Banking Corporation, Clifford Capital, and DBS Group.