Investment Strategy & Markets
How the Fund deploys capital, the instruments it uses, where it invests, and the sectors it targets.
Equity, debt and a blended portfolio approach
Equity Financing
Minority or structured equity positions targeting capital appreciation and profit‑sharing over the 2–5 year holding period, with exit via trade sale, buy‑back, refinancing, or other liquidity events.
Debt Financing
Secured or structured debt facilities to qualifying borrowers, generating contractual interest income with repayment schedules aligned to the 2–5 year tenure — prioritised for capital preservation and predictable cash flows.
Blended Portfolio Approach
Combining equity and debt seeks to balance income generation with capital growth potential, supporting the layered return structure offered across the four lock‑up tiers.
A broader toolkit of equity and debt instruments
Beyond the core equity and debt financing above, the Fund may structure transactions using a broader toolkit of instruments, selected according to each investee's stage, capital need, security position and risk profile.
SAFE Structure
A Simple Agreement for Future Equity converts into shares on a future financing or liquidity event, deferring valuation to that later round.
Convertible Note Financing
Debt that converts into equity at a future date or trigger event, combining downside protection with equity‑style upside.
Asset‑Based Lending
Facilities secured against receivables, inventory or other tangible assets, sized to the borrowing base rather than enterprise value.
Private Credit Financing
Directly negotiated, non‑bank credit solutions offering flexible terms and structured covenants tailored to the borrower.
Preferred Equity Financing
Equity ranking ahead of ordinary shares on dividends and liquidation, offering a defined return profile with limited dilution.
Structured Equity Financing
Bespoke instruments blending debt and equity features, customised to match each transaction's risk‑return and governance needs.
Subscription Line Financing
Short‑term facilities secured against investor capital commitments, bridging timing gaps between drawdown and deployment.
PIPE Financing
Private Investment in Public Equity — direct placements of equity or equity‑linked securities into listed issuers outside the open market.
Top 10 target stock exchanges
The Fund's equity and debt financing activities are focused on publicly listed companies within the ASEAN region — from Singapore's highly liquid, developed market to Vietnam's fast‑growing frontier‑to‑emerging market and the smaller frontier exchanges of Cambodia, Laos and Myanmar.
| # | Country | Stock Exchange | Benchmark Index | Mkt Cap (USD) | Market Profile |
|---|---|---|---|---|---|
| 1 | Singapore | Singapore Exchange (SGX) | Straits Times Index | ~US$869B | Largest, most liquid |
| 2 | Thailand | Stock Exchange of Thailand (SET) | SET Index | ~US$615B | Large, diversified |
| 3 | Indonesia | Indonesia Stock Exchange (IDX) | IDX Composite | ~US$600B | Large, resource‑linked |
| 4 | Malaysia | Bursa Malaysia | FTSE Bursa Malaysia KLCI | ~US$543B | Large, diversified |
| 5 | Vietnam | Ho Chi Minh Stock Exchange (HOSE) | VN‑Index | ~US$330B | Fast‑growing, frontier‑to‑emerging |
| 6 | Philippines | Philippine Stock Exchange (PSE) | PSEi | ~US$313B | Established, consumer‑led |
| 7 | Vietnam | Hanoi Stock Exchange (HNX) | HNX Index | ~US$15B | Smaller‑cap, transitioning |
| 8 | Cambodia | Cambodia Securities Exchange (CSX) | CSX Index | Frontier / early‑stage | Thin liquidity, nascent |
| 9 | Laos | Lao Securities Exchange (LSX) | LSX Composite | Frontier / early‑stage | Thin liquidity, nascent |
| 10 | Myanmar | Yangon Stock Exchange (YSX) | YSX Index | Frontier / early‑stage | Thin liquidity, nascent |
Market capitalization figures are indicative, as of May–July 2026. Cambodia, Laos and Myanmar are included for completeness of regional coverage rather than as near‑term primary allocation targets.
Exchange performance snapshot
An indicative market‑capitalisation snapshot for each major target exchange (as of July 2026), underscoring the value of diversifying financing activity across multiple ASEAN exchanges rather than concentrating in a single market.
Figures are indicative snapshots compiled from public market data as of July 2026 for illustrative purposes only. Index performance is not directly comparable to Fund returns, which depend on the specific equity and debt positions taken by the Fund. Past performance is not indicative of future results.
Nine priority sectors across ASEAN
Within its ASEAN geographic focus, the Fund will concentrate equity and debt financing activity on nine priority sectors selected for their structural growth drivers, resilience, and alignment with regional economic priorities.
Healthcare & Medical
Ageing populations and rising healthcare spending support demand for hospitals, diagnostics, devices and pharma distribution.
Manufacturing
Regional supply‑chain diversification and “China+1” relocation drive capacity expansion across ASEAN manufacturing hubs.
IT & High Technology
Digitalisation of financial services, enterprise software and semiconductor‑linked supply chains supports structural growth.
Food & Beverage
Rising middle‑class consumption and regional trade integration support branded F&B producers and distribution.
Food Security
Agri‑tech, storage, logistics and resource‑efficient food production address a strategic regional priority.
Cybersecurity
Accelerating digital adoption and data‑protection regulation drive sustained investment in cyber infrastructure.
New High‑Technology Ventures
Early‑ and growth‑stage companies developing next‑generation platforms, robotics and advanced materials.
Smart Gadgets & Applications
Consumer and enterprise adoption of AI‑enabled devices, wearables and connected “smart” hardware.
Nine sectors selected for structural growth drivers and resilience — see how capital is deployed across the lock‑up tiers.