65 Equity Partners will invest in “good quality” Singapore companies regardless of listing status

[SINGAPORE] Investment firm 65 Equity Partners aims to list two or three companies on the local bourse in the next two to three years, with one of the listings likely to be quite soon, its management told The Business Times.

Backed by Temasek Holdings, 65 Equity Partners has S$4.5 billion in assets under management. One of its funds is the S$1.5 billion Anchor Fund @ 65 which aims to list “good quality” companies on the Singapore Exchange’s (SGX) mainboard.

As at March, the fund has deployed some S$700 million into five companies: immersive entertainment company Neon, used car trading platform Carsome, cashback rewards platform Shopback, data management and security solutions provider Avepoint and cloud developer Tuya.

The fund manager has yet to list any of them on SGX.

“The timing for the IPO (initial public offering) is a function of many factors, including the scale and market conditions,” said 65 Equity Partners chief executive officer Tan Chong Lee in an interview with BT.