Dymon targets Singapore mid-market PE
Dymon Asia Private Equity (DAPE) sees a gap in the Singapore mid-market. With the likes of Baring Private Equity Asia and Navis Capital Partners having scaled up their fund corpuses to $1 billion or more in the last six years, ticket sizes have passed the $100 million mark. DAPE, an offshoot of hedge fund Dymon Asia Capital, plans to redress this balance with its debut private equity fund.
"We will be targeting small- and medium-sized enterprises (SMEs) for the most part," says Gerald Chiu, a partner at the firm. "The market seems underserved in terms of investments requiring equity checks...
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