Singapore may cover only 283 square miles, yet its investors committed US $2.9 billion to new funds in 2025 year-to-date, with more on deck thanks to streamlined rules and a family-office boom. If you raise capital for private equity, infrastructure, private credit, or specialised long-only mandates, the Lion City should be your first passport stamp on any Asia road show.
At Dakota we keep fundraisers current on every allocator shift through Dakota Marketplace. The highlights below come straight from our latest Metro-Area Review, ready for your outreach planning today.
In May, the Monetary Authority of Singapore (MAS) shortened approval times for new managers and vehicles, while extending the flagship 13O/13U tax incentives through 2029. Pair those tweaks with the now-mature Variable Capital Company (VCC) structure, and global GPs can launch a Singapore fund in weeks, not months.
Key takeaway: Use a VCC shell and the updated tax guides to cut time-to-market and signal local commitment.
Investor Type |
2025 AUM / Count |
What They’re Doing Now |
Sovereign Wealth Funds |
GIC ~ US $850 B; Temasek US $390 B |
Boosting tech, climate and infra; US$200 M ticket to Carlyle Asia VI; US$125 M to BlackRock Global Infra IV |
Pensions & Insurers |
CPF US $430 B; AIA + Prudential Asia |
Renewables push—US$80 M to regional green-power funds in Q2 |
Family Offices |
1,700 + (↑32 % YoY) |
40 % average into alts; US$65 M to KKR Asia PE IV; US$25 M to Signum DeFi VC |
Private Banks & Wealth Managers |
DBS, UOB, OCBC, Citi PB, JPM PB |
≥15 new feeders YTD; UOB channelled US$50 M into Vertex SEA VI |
Tax incentives and stable politics pulled hundreds of global family groups to the island; their combined firepower now tops US $250 billion. Allocators favour mid-market PE, digital assets, and bespoke credit.
Allocations to private equity, private credit, and infrastructure keep climbing, while real-estate appetite softens and hedge-fund flows stay flat.
Public equities remain 27–31 % of institutional portfolios, slightly up from 2024 as GIC leaned into US and Asia tech. Core-plus or ESG-tilted equity mandates continue to win tickets—just expect smaller cheques than in private markets.
Asset Class |
Direction vs 2024 |
Notable Q2 Deals |
Infrastructure |
▲ |
BlackRock Global Infra IV drew US$210 M |
Private Equity |
▲ |
Carlyle Asia VI snagged US$380 M local cash |
Venture Capital |
▲ |
Vertex SEA VI closed US$350 M |
Private Credit |
▲ |
BlueOrchard Asia Impact Fund added US$30 M |
Real Estate |
▽ |
Focus shifts to data-centre REITs |
Hedge Funds |
→ |
Flows flat; fee scrutiny high |
Digital Assets |
▲ |
Signum Capital raised US$80 M |
Long-Only Equity |
▲ / → |
Modest overweight to US & Asia tech |
Infrastructure & Energy Transition – transport, renewables, and digital infra top the list.
Private Credit – trade-finance, impact, and Asia mid-market direct-lending funds.
Early-Stage Tech Venture – SEA fintech, AI, and consumer-internet plays.
Specialist Long-Only Equity – concentrated, ESG-integrated global or Asia ex-Japan mandates.
Pick the VCC. It is the local default; anything else invites questions.
Start early. Build relationships 9–12 months before opening a round.
Be present. SuperReturn Asia, MAS-sponsored ESG forums, and family-office mixers are worth every mile.
Lead with climate or impact angles. Sovereigns and insurers have clear green targets.
Leverage bank feeders. They turn many small HNW cheques into one clean close.
Report like a public company. Transparent fees and MAS-aligned disclosures shorten diligence.
With faster licensing, deep sovereign pockets, and a record number of family offices, Singapore’s allocator market is more liquid, and more competitive, than ever. Whether you target growth buy-outs, energy transition infrastructure, or yield-focused private credit, capital is looking for well-packaged stories backed by clear local compliance.
Dakota Marketplace tracks Singapore allocators and hundreds of verified contacts across sovereign funds, pensions, banks, and family offices. Request a demo to see how we can shorten your Asia fundraising cycle today.
Written By: James Goodman, Head of International
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