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Asset Management

PrimePartners Asset Management (PPAM) established its first closed-end private equity fund in 1995.  PPAM was the first of 2 fund managers to be awarded a boutique fund manager license in Singapore.  To-date, the group has raised total pools of funds aggregating approximately US$300 million, the largest being the Prime Enterprises II, L.P. with a fund size of US$180 million, of which US$22 million remains under management.

PPAM has been investing directly in some promising companies since 1995 through its private equity funds. Some of PPAM’s portfolio of investee companies included listed companies such as ECS and Nylex and an unlisted company, ServTouch.

Through its investment vehicles, PPAM has two separate, distinct and independent private equity investment mandates:

  1. The first focuses on corporate finance event driven transactions with clear exit strategies such as pre-IPOs, IPOs, RTOs, privatizations, M&As, re-listings, restructurings and mezzanine financing. Investment vehicles PrimePartners Merchant Capital (“PPMC”) launched in March 2005 realized a gross return of 67% in 25 months and PrimePartners Asia Merchant Capital (“AMC”) launched in April 2007  achieved a gross return ( realised and unrealized ) of 77% over 33 months as at the end of its investment period in Dec2009. The success of PPMC and AMC has encouraged PPAM to replicate its business model in a third and larger investment vehicle, Asia Merchant Capital II (“AMC II”).  AMC II  will continue to tap on growing deal flow largely focused on the economies of Asia, in particular,  Southeast Asia and Greater China.
  2. The second, Delta Asia Capital (DAC) invests in Southeast Asian small to mid-sized businesses and management teams, and works with them to scale up over a three to five year timeframe by providing operational expertise in addition to capital.