Tembusu Partners is pleased to announce the successful first close of Tembusu Growth GIP Fund III Ltd (“TGIP III”) at S$30 million.
TGIP III is a Pan-Asian private equity fund focused on producing investment outperformance through a disciplined investment and value creation process, with aims to achieve medium to long term capital appreciation.
This will be the third Singapore-based fund managed by Tembusu Partners. Tembusu Partners launched its first fund of S$100 million, Tembusu Growth Fund I in late 2006; followed by Tembusu Growth Fund II, a S$130 million fund.
Approved under the Global Investor Programme, and rated by Mercer as a “Preferred Provider” in 2014, TGIP III welcomes investors who qualify for Permanent Resident status in Singapore as well as other accredited investors who seek private equity exposure in high growth small caps across Asia.
“The strong support by investors that made possible TGIP III’s first closing clearly validates Tembusu’s successful track record in investment sourcing, execution and value creation capabilities. TGIP III is targeting to close its first few investments by end March 2015, given the strong pipeline of deal-flows that have been developed in anticipation of the first closing”, said Chik Wai Chiew, Partner at Tembusu Partners.