ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Economy

Private equity opportunities for the very rich

SINGAPORE -- State-linked DBS Group Holdings has become the first bank in Singapore to introduce a program to encourage the very wealthy to invest in private equity and possibly fill regional capital shortfalls.

     The PE Access program informs the wealthiest DBS clients of potential investments, but leaves them to perform their own due diligence. DBS encounters 20 to 30 promising opportunities in an average month.

     The program is only available to clients with a net worth over 50 million Singapore dollars ($35.5 million), and the minimum deal size is S$5 million.

     Tan Su Shan, DBS head of consumer banking and wealth management, said the program should broaden client investment portfolios while allowing regional businesses to acquire "much-needed funding".

     Tan said she hoped the program will help "cement Singapore's status as the region's leading venture capital hub". According to DBS, Asia last year raised only $55 billion in private equity capital as compared to $290 billion in North America and $131 billion in Europe.

     The ultra-rich are using private equity investments to increase their wealth, according to Shirley Crystal Chua, chief executive of Golden Equator Capital. She said high net worth individuals want to diversify and invest a portion of their assets in private companies that create "significant advantages to their existing businesses".

     "Looking at the current and short-term projected economic and investment environment of the region, it is highly plausible that placing a portion of assets into private equity can strengthen overall portfolio objectives with enhanced returns," she said.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends May 26th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media