Tembusu Growth Fund II has raised S$120 million to date
Tembusu Growth Fund II, a leading private equity fund headquartered in Singapore announced today that it has successfully raised an additional S$40 million since its first close at S$80 million in December 2010, bringing the total amount of funds raised to S$120 million.
Tembusu Growth Fund II is a S$300 million Pan-Asian private equity fund comprising of Tembusu Growth Fund II Ltd and Tembusu Growth GIP Fund Ltd (collectively known as “Fund II”), that will focus on producing investment performance through a disciplined investment process into late growth, profitable companies with the aim of taking these companies public. Fund II is aiming to invest in 15 entrepreneur-driven middle market companies operating in large Asian markets with strong growth, with an average investment size of S$15 million to S$20 million.
Mr. Andy Lim, Chairman of Fund Manager Tembusu Partners Pte Ltd (“Tembusu Partners”) was pleased to comment, “The most significant point to note is that a large portion of the money – approximately 70%, from the additional S$40 million can be attributed to satisfied investors from Tembusu Growth Fund I who agreed to roll-over their investments to Fund II.”
With the S$120 million raised, Tembusu Partners is looking to make its first investment in June 2011.
Singapore’s Tembusu To Launch At Least RMB 1.0 Billion Worth of China Funds After Securing First QFLP Status for Guizhou Province; Mr Lim Ming Yan, Former CEO of Capitaland, To Chair Tembusu’s China Advisory Board21 Mar 2019
Param Mitra Coal Resources Secures US$7.5M Investment From Tembusu Partners30 Jun 2014
Singapore ChildFirst Pre-school Chain Gets Prestigious Award in Tianjin, China30 Jul 2014
Acquisition of Tangshan Ganglu Iron & Steel Co. Ltd26 Feb 2008
Congratulations to Lieutenant-Colonel (NS) Clarence Tan, CEO of Global Roam13 Jul 2012