F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
The private equity firm's backing will enable the company to further propel its operations into China, and expand its enrolment by more than five times within a year.
Wise, which was founded by the Lee brothers in 2008, has four core businesses: the Wise Academy (also known as Lee Wei Song School of Music), artiste development, music production and music publishing.
"We see great potential in the Lee brothers - with their combined capabilities of being able to spot talent, train and groom them for a commercial career, as well as compose and produce commercial music and manage intellectual property; you can say that the Lee brothers have the potential to be the
David Foster of Asia and become the leading force in music and related industries," said F&H CEO Matt Hu.
F&H, which specialises in Singapore and China-based investments, channeled the funding via its SingHome Fund, which has around S$120 million in assets under management.
Wise Managing Director Lee Si Song added that his firm plans to expand its schools in the cities of Beijing and Shanghai due to the strong demand for Mandarin pop music from China's large youth population. It also intends to collaborate with Chinese universities to tap into the student community, and explore the possibility of setting up its own record label in China.
More on Media
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.