To respond to this interest, MAS has proposed a Long-term Investment Fund (LIF) framework for private market investment funds.
The Monetary Authority of Singapore (MAS) is seeking feedback on a proposed regulatory framework for retail investors to invest in private market investment funds, providing them with a wider set of investment choices.
Under the current regulatory framework for funds, retail investors in Singapore have limited access to private market investments such as private equity, private credit and infrastructure. Recently, MAS has observed growing interest from retail investors for such investments, and interest from experienced industry players to offer private market investment fund products to retail investors.

