September 17, 2025
Singapore has experienced remarkable economic growth in the 21st century, emerging as one of the most prosperous and dynamic economies in the world. Its business friendly policies, individualistic ethos, and emphasis on innovation have created an environment conducive to investment and entrepreneurship.
Consequently, Singapore's success from healthcare to transportation to energy infrastructure has become a model admired by nations seeking to replicate its blend of efficiency, stability, and global competitiveness. Today, we will be discussing the top ten private equity firms in Singapore.
Overview: GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. Headquartered in Singapore with offices worldwide, GIC manages well over US$700 billion across a diversified portfolio, including equities, fixed income, real estate, private equity, infrastructure, and alternative assets. It is recognized for its disciplined approach, institutional governance, and ability to deliver sustainable long-term returns across cycles.
Focus: GIC invests globally across public and private markets, with an emphasis on resilience, diversification, and long-term value creation. It partners with corporations, asset managers, and funds across multiple sectors, seeking both financial returns and portfolio stability for Singapore’s reserves. Its investment philosophy balances risk management, active ownership, and innovation, positioning it to capture opportunities across developed and emerging markets.
Overview: Temasek is a Singapore-headquartered global investment company, wholly owned by the Singapore government, founded in 1974. With a net portfolio value of S$389 billion (as of March 2024), Temasek operates with offices across Asia, the Americas, and Europe. It is known for its purpose-driven mandate—“so every generation prospers”—and emphasizes sustainability, innovation, and long-term impact. Temasek publishes annual reports to maintain transparency and has developed a reputation as one of the world’s most sophisticated sovereign investors.
Focus: Temasek invests across a broad portfolio structured around key themes: Digitization, Sustainable Living, Future of Consumption, and Longer Lifespans. Its strategy emphasizes long-term structural trends, innovation, and ESG integration, with investments spanning technology, financial services, consumer, life sciences, industrials, and agri-food. Guided by its T2030 strategy, Temasek seeks to reshape economies and societies through forward-looking, sustainable capital allocation while generating strong risk-adjusted returns.
Overview: RRJ Capital is a leading private equity firm headquartered in Singapore, founded in 2011 by Richard Ong, with Charles Ong joining as Co-Chairman and Co-CEO in 2012. The firm manages approximately US$25 billion and is recognized for its ability to execute large-scale and complex transactions across Asia, Europe, and the United States. With a highly experienced team and strong networks, RRJ has established itself as one of Asia’s most influential independent private equity firms.
Focus: RRJ Capital invests across industries including healthcare, energy, financial services, consumer, and technology. It targets significant equity positions in companies with scalable platforms and global ambitions. The firm’s investment philosophy emphasizes long-term partnerships, operational expertise, and geographic diversification, allowing it to participate in some of Asia’s most transformative private equity deals.
Overview: Everstone Capital is a leading private equity and investment firm focused on India and Southeast Asia, with a global presence through offices in Mumbai, Delhi, Singapore, New York, and Dubai. Founded in 2006, the firm manages assets of over US$7 billion across private equity, real estate, climate impact, and venture capital. Everstone is known for its operationally intensive investment model and sector specialization, combining global standards with deep local insight. The firm is backed by a diverse group of international institutional investors and has built a strong track record of creating scalable, high-performance businesses.
Focus: Everstone Capital targets control and significant minority investments in mid-market companies, typically within the consumer, healthcare, financial services, and technology sectors. The firm emphasizes platform building, operational transformation, and digital enablement to drive value creation. Through its integrated ecosystem—including Everlife (healthcare platform), Indospace (industrial real estate), and Climate Impact investment strategies—Everstone pursues long-term, sustainable growth opportunities. Its strategy blends strong governance, data-led performance management, and ESG principles to align financial returns with measurable impact across its portfolio.
Overview: Quadria Capital is a leading healthcare-focused private equity firm based in Singapore, with a mission to deliver both strong financial returns and meaningful social impact across Asia’s emerging markets. Founded in 2012, Quadria manages over US$3.4 billion in assets and has established itself as a partner of choice for healthcare entrepreneurs and institutions seeking long-term capital and strategic guidance. The firm invests across the entire healthcare value chain, with a focus on scalability, accessibility, and improving health outcomes in high-growth economies throughout South and Southeast Asia.
Focus: Quadria Capital targets control and significant minority investments in mid- to large-cap healthcare businesses across pharmaceuticals, medical devices, healthcare delivery, diagnostics, and health IT. The firm typically invests in companies with enterprise values between US$100 million and US$500 million, partnering with experienced management teams to drive operational excellence, geographic expansion, and regulatory alignment. Quadria’s investment strategy is anchored in thematic sourcing, impact-driven value creation, and deep sector specialization. It supports its portfolio with capital, sector expertise, and a strong regional network to scale sustainable healthcare solutions that address Asia’s most pressing medical needs.
Overview: Navis Capital Partners is one of the largest and most experienced fund managers in Southeast Asia, founded in 1998 and headquartered in Singapore. The firm operates with a team of ~100 professionals from many nationalities and has made over 95 controlling private equity investments in the mid-market space in Southeast Asia. Their total private capital commitments are about USD 5 billion.
Focus: Navis focuses on transforming mid-market companies in Southeast Asia that have strong competitive advantages. They typically take control or significant influence over portfolio companies, working closely with founders or management teams to drive growth, operational improvements, and strategic expansion. Their sector exposure is broad, and their strategy emphasizes value creation through hands-on support, leveraging both their regional expertise and deep industry knowledge.
Overview: Axiom Asia Private Capital is a Singapore-based private equity investment firm founded in 2006. The firm manages ten private equity funds with total commitments of over US$9 billion, and it serves a global base of institutional investors including endowments, family offices, pensions, and foundations. Axiom is well-known as a fund-of-funds specialist in Asia Pacific while also doing co-investments and participating in secondaries.
Focus: Axiom Asia focuses on the Asia Pacific region, especially mid-market private equity funds across buyouts, growth, and venture capital. It invests via country-specific funds with proven track records, alongside “next-gen” managers raising early funds. It also does direct investing/co-investments, participates actively in the secondaries market, and places strong emphasis on ESG / responsible investment practices.
Overview: Northstar Group is a private equity (and also venture capital) firm headquartered in Singapore, founded in 2003. As of late 2023, it manages about US$2.6 billion in committed equity capital, and it has made over 50 investments (and multiple exits) in Southeast Asia, with a strong focus on Indonesia.
Focus: Northstar invests in fast-growing businesses across Southeast Asia, especially in consumer, digital economy, financial services, retail, technology, agribusiness, and telecom sectors. It takes both growth equity and private equity positions, working with companies that have proven business models and room to scale. It often takes significant minority or control stakes and supports regional expansion and operational development.
Overview: 65 Equity Partners is a global investment firm backed by Temasek Holdings, with offices in Singapore, London, and San Francisco. The firm was launched to support high-growth businesses and dynamic founders in achieving long-term strategic objectives through patient, flexible capital. As a sovereign capital-backed investor, 65 Equity Partners operates with a strong institutional foundation while maintaining the agility of a private investment firm. It is purpose-built to bridge private capital with global ambition, focusing on enabling enduring value creation across Asia, Europe, and North America.
Focus: 65 Equity Partners targets investments in high-potential mid-market companies with enterprise values typically between $100 million and $1 billion. The firm takes significant minority or control positions, backing proven management teams and scalable platforms across sectors such as consumer, healthcare, industrials, technology, and financial services. Its strategy is anchored in partnership—offering not only growth capital but also strategic counsel, cross-border expansion support, and long-term alignment. With a flexible mandate and a focus on sustainability, 65 Equity Partners helps businesses scale responsibly while unlocking global market opportunities.
Overview: Granite Asia is a Singapore-based multi-asset investment platform with over two decades of experience and more than US$1 billion in assets under management. The firm partners with visionary founders and businesses across Asia, providing bespoke financing structures that go beyond traditional equity and debt to support growth across cycles. With a strong presence in high-growth markets, Granite Asia emphasizes long-term partnerships and regional expertise to amplify business potential and create enduring value.
Focus: Granite Asia invests in themes shaped by Asia’s structural growth and transformation, including consumer expansion, enterprise workflow and supply chain solutions, food systems and sustainability, health innovation and wellness, and energy transition and automation. Its strategy is centered on flexible capital solutions, operational support, and a thematic approach to capturing opportunities at the intersection of demographic change, technological advancement, and sustainable development across the region.
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