Yangzijiang Financial Holding Ltd. has announced its role as the anchor investor in a $100m investment fund launched by ICH Asset Management, targeting Singapore’s small and mid-cap enterprises. This initiative is designed to support high-potential businesses from the pre-IPO stage through to IPO participation and active trading in public securities.
The partnership aims to leverage Yangzijiang Financial’s investment management expertise alongside ICHAM’s local market knowledge to capture value-accretive opportunities. This strategic deployment of funds aligns with the Monetary Authority of Singapore’s $5b Equity Market Development Programme, which focuses on enhancing the local asset management ecosystem and boosting investor interest in small and mid-cap stocks.
The fund will invest across various growth stages of companies, including strategic placements post-listing. This approach is expected to unlock growth potential in an underserved area of the equity market, addressing the lack of large institutional capital and research coverage.
Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Financial, expressed enthusiasm about the untapped potential within Singapore’s small and mid-cap space, emphasising the long-term commitment to the local equity market. Vincent Toe, Cofounder of ICH Group and Managing Director of ICHAM, highlighted the strategy of working closely with quality companies through their growth phases.
The deployment of funds is set to begin in September, with initial investments spanning sectors such as technology, healthcare, sustainability, and consumer services. This initiative is expected to enhance market liquidity and broaden investor participation in Singapore’s stock market.
“`
