KCP secures $725m with SWF backing
Singapore-based Kembangan Capital Partners has secured $725m across two investment vehicles targeting private equity and venture capital opportunities in Asia, with a sovereign wealth fund providing anchor backing, according to a report by Bloomberg.
Singapore-based Kembangan Capital Partners (KCP) has successfully raised $725 million across two investment vehicles, focused on private equity and venture capital opportunities in Asia, with backing from a sovereign wealth fund, according to Bloomberg. The Bloomberg report, citing unnamed sources, reveals that the first vehicle targets $500 million for investments in private equity and venture capital funds, while an additional $225 million has been set aside for direct investments and co-investments alongside other managers.
Founded by former Temasek executive Koh Wai Kit, KCP aims to capitalize on opportunities across China, India, Japan, South Korea, and Southeast Asia, with a strategy focusing on sectors such as artificial intelligence, healthcare and life sciences, consumer businesses, and financial services. The sovereign investor's involvement is seen as part of its broader strategy to diversify its investments beyond US assets, and to tap into themes like the green economy, Chinese consumption, supply-chain resilience, and infrastructure.
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