20 Private Equity Firms in Singapore - Flippa
Singapore’s private markets ecosystem blends homegrown sovereign investors with specialist buyout and growth equity managers. Below are twenty notable Singapore-based investors, updated with independently sourced figures for investments and exits.
Quadria Capital
Key facts about the firm:
Headquarter: Singapore
Industry focus: Healthcare (providers, life sciences, medtech, pharma services) in South and Southeast Asia
Number of investments: 27
Number of exits: 10
Details about the fund:
Quadria backs high-growth healthcare platforms that expand access and quality across Asia. Its recent materials note 27 healthcare brands backed and a third flagship fund closed in 2025.
Where to find them: Website
Heliconia Capital Management
Key facts about the firm:
Industry focus: Growth capital for Singapore & regional champions (industrial, services, technology)
Number of investments: 27
Number of exits: 17 (12 IPOs, 5 acquisitions)
Details about the fund:
Heliconia provides patient growth capital to mid-market companies and is wholly owned by 65 Equity Partners. Independent datasets attribute high-20s investments and a mid-teens tally of exits (including IPOs and M&A).
Where to find them: Website
Northstar Group
Key facts about the firm:
Industry focus: Southeast Asia buyouts/growth in financial services, consumer, TMT, resources
Number of investments: 44
Number of exits: 5
Details about the fund:
One of Southeast Asia’s longest-standing private equity firms, Northstar partners with market-leading businesses across the region. Public trackers show mid-40s portfolio investments and several realized exits.
Where to find them: Website
Novo Tellus Capital Partners
Key facts about the firm:
Industry focus: Control buyouts & growth equity in industrial and technology supply-chain businesses
Number of investments: 12
Number of exits: 2
Details about the fund:
Novo Tellus focuses on industrial technology leaders across the Indo-Pacific. Fund I has been fully realized with notable exits such as MFS Technology and gains from AEM; recent recognition includes SVCA’s 2025 Deal of the Year for TDConnex.
Where to find them: Website
Temasek Holdings
Key facts about the firm:
Industry focus: Diversified global investor across technology, financials, consumer, life sciences, transportation, energy & resources, and more
Number of investments: 523 portfolio companies (approx.)
Number of exits: 127
Details about the fund:
Temasek is Singapore’s state-owned global investment company with a net portfolio value of S$434 billion as at 31 March 2025. It invests directly and via funds across stages and sectors, with hundreds of portfolio companies and over a hundred tracked exits.
Where to find them: Website
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Tembusu Partners
Key facts about the firm:
Industry focus: Growth capital & mezzanine; impact and technology alongside traditional sectors
Number of investments: 23
Number of exits: 3
Details about the fund:
Tembusu is a Singapore-based private equity firm backing growth companies across Emerging Asia, with activity in sustainability/impact alongside tech and services. Public profiles and the firm’s site outline its strategy and recent funds.
Where to find them: Website
Affirma Capital
Key facts about the firm:
Industry focus: Mid-market buyouts and growth across emerging Asia, the Middle East & Africa; sector-agnostic with emphasis on consumer, healthcare, financial services and industrials
Number of investments: 99
Number of exits: 7
Details about the fund:
Affirma spun out of Standard Chartered Private Equity and backs mid-market champions across emerging markets. The firm highlights a two-decade track record deploying over US$6B and distributing over US$7B to LPs.
Where to find them: Website
Axiom Asia Private Capital
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2019
- Industry Focus: Mid-market buyouts and growth across emerging Asia, the Middle East & Africa; sector-agnostic with emphasis on consumer, healthcare, financial services and industrials
- Number of investments: 99
- Number of exits: 7
Details about the fund:
Affirma spun out of Standard Chartered Private Equity and backs mid-market champions across emerging markets. The firm highlights a two-decade track record deploying over US$6B and distributing over US$7B to LPs.
Where to find them: Website
Capital Square Partners
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2014
- Industry Focus: Technology and tech-enabled business services (digital engineering, IT & BPM, customer experience, payments)
- Number of investments: 8
- Number of exits: 33
Details about the fund:
Capital Square Partners is a MAS-licensed manager focused on control investments in tech-enabled services. The firm lists eight current platforms and three realized deals including Indecomm, Aegis/Startek and Minacs.
Where to find them: Website
CBC Group (formerly C-Bridge Capital)
Key facts about the firm:
Industry focus: Healthcare (biopharma, medtech, healthcare services) across Asia
Number of investments: 67
Number of exits: 12
Details about the fund:
CBC is a healthcare-focused private equity and venture investor building platforms across life sciences and services, with reported AUM in the mid-single-digit billions of US dollars.
Where to find them: Website
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Credence Partners
Key facts about the firm:
Industry focus: Growth capital for SMEs in advanced manufacturing, ICT, services, logistics and consumer
Number of investments: 13
Number of exits: 3
Details about the fund:
Credence provides expansion capital and strategic support to Southeast Asian SMEs, with a focus on operational value creation and regional scaling.
Where to find them: Website
Dymon Asia Private Equity
Key facts about the firm:
Industry focus: Lower-mid-market Southeast Asia; control and significant minority buyouts and growth capital
Number of investments: 18
Number of exits: 15
Details about the fund:
Dymon Asia’s PE arm invests in profitable SMEs across Southeast Asia from its Singapore base, with closed funds in 2012, 2018 and 2022. Recent activity spans education, industrials and services.
Where to find them: Website
Everstone Capital
Key facts about the firm:
Industry focus: Mid-market control and growth in consumer, healthcare, business services, logistics; India & SE Asia nexus
Number of investments: 60
Number of exits: 22
Details about the fund:
Everstone backs mid-market leaders with operational value-creation, alongside verticals in logistics and climate infrastructure via group affiliates. Publicly available trackers indicate ~60 portfolio companies and 20+ realized exits.
Where to find them: Website
L Catterton Asia
Key facts about the firm:
Industry focus: Consumer brands and services across Asia (beauty, F&B, retail, health & wellness, pet, etc.)
Number of investments: 77
Number of exits: 41
Details about the fund:
L Catterton Asia partners with consumer brands to scale across the region, leveraging the firm’s global consumer specialization and strategic relationships.
Where to find them: Website
OCTAVE Capital (formerly Heritas Capital)
Key facts about the firm:
Industry focus: Impact-oriented growth capital across healthcare, education, technology and sustainability
Number of investments: 29
Number of exits: 13
Details about the fund:
Heritas Capital rebranded to OCTAVE Capital in 2025. The firm has a long track record of impact-aligned investments and realizations in Singapore and the region.
Where to find them: Website
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SeaTown Holdings International
Key facts about the firm:
Industry focus: Multi-asset alternatives with Asia tilt; private equity and private credit alongside public equities
Number of investments: 12
Number of exits: 4
Details about the fund:
Part of Seviora (Temasek’s asset-management group), SeaTown invests across private equity and private credit strategies. In 2024 it raised over US$1.3B for its second private-credit fund.
Where to find them: Website
Tower Capital Asia
Key facts about the firm:
Industry focus: Mid-market control investments in Southeast Asia; business services, consumer, education, healthcare, financial services
Number of investments: 6
Number of exits: 1
Details about the fund:
Tower Capital Asia makes concentrated buyouts in category-leading businesses. Notable deals include AXS and WWRC, and the consortium sale of Eu Yan Sang in 2024.
Where to find them: Website
GLP
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2009
- Industry Focus: Logistics real estate, data centres, renewable energy; selective private equity/VC
- Number of investments: 19 (GLP Capital Partners)
- Number of exits: 8 (Global Logistic Properties / GLP)
Details about the fund:
GLP is a global owner-operator and thematic investor across logistics and digital infrastructure. Its fund management arm, GLP Capital Partners, also participates in private equity and venture rounds. Recent sources show high-teens investment count and multiple portfolio exits across the broader GLP platform.
Website: https://gcp.com/Â
CapitaLand
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2000
- Industry Focus: Real estate (logistics, business parks, data centres), private funds management
- Number of investments: 4
- Number of exits: 2
Details about the fund:
CapitaLand Investment is a leading Asia-headquartered real assets manager that also makes selective corporate and fund investments around its real estate and digital infrastructure ecosystem. Its corporate venturing effort (C31 Ventures) made several strategic investments before being wound down, while CLI continues to launch and manage private funds across Asia.
Website: https://www.capitaland.com
Crescent Point (Crescent Point Group, now part of Ares)
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2004
- Industry Focus: Pan-Asia growth/buyouts across consumer, internet, healthcare, financial services
- Number of investments: 26
- Number of exits: 5
Details about the fund:
Crescent Point is a Singapore-based pan-Asian private equity manager that agreed in 2023 to be acquired by Ares Management; Ares’ 2024 annual report lists Crescent Point under its Asia private equity platform. Deal trackers show two dozen–plus portfolio companies and a handful of reported exits.
Website: http://www.aresasialtd.com/
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400,000+ Weekly Active Buyers
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The Bottom Line
Singapore has cemented its role as Southeast Asia’s private equity gateway, with leading firms like Temasek, Affirma, and Heliconia driving both regional and global deals.Â
The city’s strong regulatory environment, tax incentives, and strategic location make it an ideal base for investors and businesses seeking growth capital across Asia.Â
FAQs
What are the top private equity firms in Singapore for growth capital?
Leading growth capital firms in Singapore include Quadria Capital (healthcare focus), Affirma Capital (mid-market across Asia), and Capital Square Partners (tech services). These firms actively back high-growth companies in Southeast Asia and India.
How do private equity firms in Singapore structure deals?
PE firms in Singapore often use holding companies (offshore or domestic) to acquire shares or assets, supplemented by preference shares, convertible debt, earn-outs, rollover equity by founders, and escrow arrangements for warranties.
What legal structures are commonly used by Singapore-based private equity funds?
Many funds use limited partnerships (LPs) under Singapore’s Limited Partnerships Act, or variable capital companies (VCCs) for fund domiciliation. The VCC regime was introduced to make Singapore more attractive as a fund hub.
What exit strategies do private equity firms in Singapore pursue?
Common exit strategies include trade sales, IPOs on SGX or regional exchanges, secondary sales to other investors, and strategic recapitalizations. Lock-up or moratorium periods of 6–12 months post-IPO are typical.
Are there regulatory or tax incentives for private equity funds in Singapore?
Yes. Singapore offers tax incentives such as the Financial Sector Incentive and Pioneer Certificate. The government also supports VCC adoption with grants to reduce setup costs.
How active is private equity in Singapore compared to the rest of Southeast Asia?
Singapore leads the region in both deal volume and value, often accounting for close to half of all Southeast Asian PE deal activity.
Do Singapore private equity firms invest globally or only regionally?
Many Singapore PE firms have regional mandates across Southeast Asia, India, and Asia Pacific, but several also co-invest in global opportunities depending on sector fit and client strategies.
How can a founder approach private equity firms in Singapore?
Prepare a concise investment deck with financials, market size, growth plan, unit economics, and exit path. Focus on firms whose stage and sector align with your business, and whenever possible, connect through advisors or warm introductions.
