SINGAPORE (June 24): High-growth private companies in Asia can now tap private capital as an alternate form of funding.
The global private capital platform CapBridge and United Overseas Bank (UOB) have signed a deal to offer a range of private capital solutions such companies in Singapore as well as the bank’s key markets of China, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam.
Through its investment syndication platform, CapBridge will match UOB’s clients with anchor investors and accredited co-investors as a source of funding.
UOB’s clients can also choose to list a portion of their equity on CapBridge’s affiliate 1exchange (1X), Singapore’s only regulated private securities exchange platform.
“In doing so, the bank’s clients can create a new asset class of tradeable private equities to provide their shareholders with access to flexible financing and liquidity. This is because the buying and selling of the listed private equities can be done any time and easily, compared with the typical lock-up period of more than five years for private equity as an asset class.” say CapBridge and UOB in a joint press release.
Johnson Chen, founder and CEO of CapBridge, says, “The private capital market is a fast-growing source of primary and secondary capital for many companies. It offers stable capital and a value-adding stakeholder network in the form of sophisticated investors from the CapBridge platform, as well as higher liquidity and exit potential from the tradeable private equities pioneered by the 1X private securities exchange. We are pleased to have the support of UOB as we continue to help private companies in Singapore and the region access the private market for valuable growth capital.”
Main image (From left): Edmund Leong, Head of Group Investment Banking, UOB, and Johnson Chen, founder and CEO of CapBridge, at the agreement signing ceremony
