Singapore-based private investment firm True Light Capital (True Light), a division of Singapore government-owned investment company Tamasek Holdings, has held the final closing of its first flagship find with $3.3bn in capital commitments.
The fund, which will invest alongside True Light’s parent company in opportunities linked to Greater China, attracted support from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.
According to a press statement, the fund will focus on “high-quality investment opportunities which have a nexus to or have a major business relationship with Greater China”.
True Light Fund I invests directly in private and public equity as well as indirectly through private equity and venture funds. The fund employs a theme-driven, multi-sector approach, with key sectors including Life Sciences, Technology, Consumer, Industrials and Business Services. True Light Fund I invests for the long term and has the flexibility to invest across the life cycles of its portfolio companies.
