Andy Lim, founder and chairman of Tembusu Partners, said the funds intended for launch will allow Tembusu to bridge the investment communities of China, South-east Asia and the rest of the world through accelerated deal flows.
"As China continues to open up and connect with the world, the funds will pave the way for more to participate starting from Guizhou," he added. Separately, former CapitaLand CEO Lim Ming Yan is joining Tembusu Partners as the chairman of its China advisory board. He had retired last year as president and CEO of CapitaLand after a 22-year career, bringing with him a wealth of experience in capital markets as well as strong networks in China.
"Tembusu is a well-regarded Singapore homegrown private equity specialist which has helped fund and nurture a number of emerging Asian companies. I hope to bring my experience and understanding of China to assist Tembusu in its China initiatives," Mr Lim Ming Yan said.
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