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Tembusu Growth Fund II has raised S$120 million to date

Posted on 31 Mar 2011

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.