New Silkroutes forms PE JV, targets healthcare, infrastructure in Asia Pacific

New Silkroutes forms PE JV, targets healthcare, infrastructure in Asia Pacific

SGX-listed incorporated company New Silkroutes Group (NSG) has made a joint venture with three parties, including the Singapore subsidiary of China-based Nanshan Group, to develop private equity funds focusing on healthcare and infrastructure in Asia Pacific including Japan and Australia.

The new entity, New Silkroutes Asset Management, is 30 per cent owned by NSG’s subsidiary New Silkroutes Capital Pted, 30 per cent by Nanshan Group Singapore, 30 per cent by former United Overseas Bank (UOB) executive Terence Ong Sea Eng, and the rest 10 per cent by Fuji Capital Pte Ltd.

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