According to a release by Kristal.AI on March 23, this is the first time that SeaTown is raising funds for its private capital fund from private investors.
Temasek-backed, Singapore-based investment manager SeaTown Holdings has partnered with digital wealth management platform Kristal.AI to fractionalise the minimum investment quantum as it seeks to raise funds for its private capital fund.
So far, Temasek and SeaTown have committed US$1 billion ($1.36 billion) to this fund, and SeaTown is targeting US$200 million to US$300 million from external investors. The fund is geographically diversified but retains a focus on Asia.
