Tembusu Growth Fund II closes its investment period with 12 investments
Tembusu Partners is pleased to announce the Tembusu Fund II (“TGF II”), which comprises of Tembusu Growth Fund II Ltd and Tembusu Growth GIP Fund Ltd. Launched in 2010, has successfully completed its capital deployment with a diversified portfolio of 12 investments made across Asia and the various core focus sectors namely education, healthcare, technology and resources.
In the second half of 2014, TGF II made investment commitments for a total of 4 companies:
84100 (Bus 100)
Founded in 2014 after a series of corporate mergers, Bus 100 is China’s largest online bus ticketing platform by tickets sold. Passengers can transact via its website (www.84100.com) as well as via other e-channels such as Apps, WeChat, etc. Currently covering Liaoning, Shandong and Guangxi provinces, Bus 100 is in discussions with other players and provinces to cover more than 50% of China’s traffic. TGF II is providing company with growth capital for its aggressive expansion.
Longjing
Based in Shanghai, Longjing launched the new generation Smart TV set-top box and is currently one of the key approved device and solution providers for China’s digital cable TV industry. China’s broadcast television networks have more than 95% coverage of the nation and plans to roll out Next Generation Broadcasting with Shanghai as its pilot city. Having won the bid for Shanghai’s Orient Cable Network Smart TV boxes, Longjing has plans for expansion into other provinces and further technological developments. TGF II investment supported founder’s effort to restructure Company’s shareholder base and to enhance governance for expected strong growth ahead.
iFast
Listed on the Singapore Stock Exchange in December 2014, iFast is an internet-based investment products distribution and administration platform. The Company provides a comprehensive range of investments-related services to more than 150 Financial Advisors (“FAs”) and Financial Institutions, as well as more than 5,000 FA representatives. Since incorporation, the Company has grown steadily and established a reputation for providing easy access to investment products in Singapore, Malaysia and Hong Kong. TGF II was allotted shares at the IPO.
Viking LR2
Viking LR2 is an indirectly-wholly owned subsidiary of a SGX-Catalist listed company and is in the business of acquisition and chartering Oil and Gas (O&G) assets. The Company intends to purchase and supply O&G assets to established O&G companies on long term charters. TGF II has structured a mezzanine loan to support Company’s growth.