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Laxman Pai, Opalesque Asia: Singapore-based private market exchange ADDX has partnered with Temasek subsidiary Fullerton Fund Management to list Fullerton's private equity fund of funds (FOF) on its digital platform.
The Fullerton Optimized Alpha Fund is a closed-end fund targeting 8% to 12% in returns per annum over its seven-year fund life, said a press release from Fullerton Fund Management Company, a subsidiary of Temasek, which is a Singaporean state holding company.
The fund will be invested in a portfolio of six to eight private equity and private credit funds.
From a field of over 20,000 funds, Fullerton arrives at the final list of funds following a rigorous and proprietary method of fund selection that focuses on blue-chip managers with a proven track record of consistent investment strategy and performance across market cycles, said the release.
According to the company, the underlying assets of the fund will be diversified by geography, across North America, Europe, and Asia, and by strategy, across buyout, growth, secondaries, and private or distressed credit. The fund will focus on thematic sectors, such as defensive, tech-enabled, new economy, post-COVID-19 dislocation, and recovery as well as ESG-aligned sectors.
As a result of efficiencies from tokenization, accredited individual investors on ADDX were able to access the Fullerton fund at a minimum size of US$10,000, instead of the US$250,000 required through traditional, non-tokenized chann...................... To view our full article Click here
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