SG’s CapBridge seeks to double deals on offer to $2b by 2019-end

Johnson Chen, CEO and founder of CapBridge

Singapore-based private capital raising platform CapBridge is aiming to double its investment offerings to $2 billion to roughly 100 clients by the end of this year.

According to CapBridge, the platform offered $900 million worth of deals to 48 clients in 2018. These were deals on its primary capital raising platform since it launched its secondary trading unit, 1Exchange (1X), late last year. The SGX-backed platform received regulatory approval to operate 1X in November, making it one of the first private securities exchanges in Singapore.

In an interview with DEALSTREETASIA, CapBridge CEO and founder Johnson Chen said that the platform will take a ‘modest’ approach to rolling out deals on 1X. He added that it will begin offering these deals on 1X in batches of five, starting in mid-2019.

“We want to make sure that our first batch of companies is genuine in terms of wanting to pursue a growth story and that they are a strong showcase of the capabilities of what we can do,” said Chen.

CapBridge Quick Facts:

SGX-backed CapBridge also plans to launch a new product in property holding companies further down the line. This will target special purpose vehicles (SPVs) created for specific real estate development projects that are looking to raise capital or offload risk on their balance sheet. Such SPVs usually come under large property holding companies such as Capitaland or City Developments Limited.

“We are talking to various parties on the real estate side, and are keen to test and launch this with real estate property holding companies. I think there’s a huge demand for real estate in Asia, so having the ability to make a property asset bank entity tradable will be very appealing,” Chen said.

Last week, CapBridge launched Preferred Access, which offers individual investors access to PE deals for ticket sizes as small as $3,684 (S$5,000). Chen said he expects private capital markets to expand as investor interest grows.

“The macroeconomics is showing that the private space is getting bigger. More and more family offices are looking at direct co-investments, while other private capital investors are shifting away from the 2 and 20 model and the 10-year fund to look at other options, such as those with shorter holding periods,” explained Chen.

Chen added that alternative investment products like Preferred Access will generate more liquidity in private markets, something he believes the current ecosystem still lacks.

Also read:

CapBridge granted private exchange license by Singapore’s MAS

FundedHere stalls launch of Singapore private exchange over licensing issue

SGX-backed unit to pick 10% in capital raising platform CapBridge

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.