ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Tower Capital private equity fund focusing on Singapore for now

Firm will wait and watch before expanding into other parts of Southeast Asia

Tower Capital Asia closed its first fund at $379 million in September, surpassing its original target of $300 million. (Source photo from Tower Capital Asia website)

HANOI -- Tower Capital Asia's maiden private equity fund, which is expected to soon hit nearly 60% deployment, will focus on opportunities in Singapore before expanding into other Southeast Asian markets, according to a top executive of the firm.

"The whole region is going through a [COVID-19] recovery phase. And now with the inflation and currency movements, we want to take a more considered step before having offices in other markets in the region," Danny Koh, founder and CEO of the Singapore-based buyout firm, told DealStreetAsia.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more