Singapore allocates $1b to global credit fund managers in a bid to become private markets hub

Singapore allocates $1b to global credit fund managers in a bid to become private markets hub

A view of the Monetary Authority of Singapore building in Singapore April 18, 2016. Reuters.

Singapore’s central bank will be allocating $1 billion to top global private credit fund managers as part of the nation’s efforts to develop itself as a full-service private markets hub.

The move is part of an expansion of the private markets programme (PMP), which allocates investment mandates to private equity and infrastructure fund managers who commit to establishing or deepening their presence in Singapore, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at the SuperReturn Asia conference on Tuesday.

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