MAS to launch two new funds worth $2b for co-investment

$1.5b is for Anchor Fund @ 65 and $500m for Growth IPO Fund.

Monetary Authority of Singapore Managing Director Ravi Menon revealed the launch of two funds for co-investment. 

One of these will be done with Temasek Holdings to establish a $1.5b fund titled Anchor Fund @ 65, which will act as a cornerstone investor for starting companies. 

The Economic Development Board, meanwhile, will create a Growth IPO fund, with a starting size of $500m to invest in growth-stage companies. 

MAS has also focused on enhancing its Grant for Equity Market Scheme. One of the functions of this grant is to defeat the cost of listing on SGX by co-funding up to $2m of listing expenses, an improvement from the previous coverage of $1m. This will be improved to defray the listing costs of special purpose acquisition companies and real estate investment trusts.
 

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