Singapore's Fullerton Fund Management creates PE team
Fullerton Fund Management (FFM), an Asia-focused multi-strategy investment firm controlled by Temasek Holdings, has appointed Huck Khim Tan to lead a newly established dedicated private equity team.
Tan has spent the last seven years with Credit Suisse, managing private equity assets for institutional clients as part of the firm's customized fund investment group. Before that, he was head of Asia funds investments at Schroder Ventures and served as an associate director at Hermes Private Equity. Tan began his career with GIC Private in Europe.
Tan will be responsible for driving FFM's private equity strategies, managing its PE portfolios, and developing investment solutions for clients. He will be supported by Kenneth Chia, who joins the firm as a vice president.
"Fullerton is aware of the need to ensure our investment capabilities remain competitive and Huck Khim's appointment represents a significant enhancement of our investment proposition. Our dedicated private equity capability effectively complements our existing suite of investment strategies, and I look forward to Huck Khim's contribution in the PE space," said Patrick Yeo, FFM's CIO, in a statement.
FFM was an internal fund management division within Temasek before it was spun out in 2003. As of November 2018, it managed approximately S$45 billion ($33 billion) in assets for government agencies, pension plans, insurance companies, endowments, and sovereign wealth funds, as well as for private wealth clients and the retail segment. In November 2017, FFM won a mandate to manage a S$23 billion portfolio from NTUC Income, a Singapore-based insurer.
The firm is headquartered in Singapore and has offices in Shanghai, London, Tokyo and Brunei. Its capabilities span equities, fixed income, and alternatives.
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