Singapore hedge fund Dymon puts up private equity fund

Branching out to private equity.

Hedge fund Dymon Asia Capital is able to do this with backing from a unit of Singapore state investor Temasek Holdings.

With this uncommon move, the firm aims to raise S$300 million or $246 million for Dymon Asia Private Equity says Dymon's managing partner, Keith Tan.

The new private equity fund is getting S$100 million from Heliconia Capital Management Pte Ltd, a subsidiary of Temasek.

DAPE will focus on private and listed small and medium enterprises with revenue of between S$25 million to S$500 million, Tan said. .

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