ARA Harmony Fund crosses 5-year mark

ARA Harmony Fund, which owns Suntec Singapore Convention & Exhibition Centre, has crossed the initial five-year term in its fund cycle.

Over this period, the ARA Harmony Fund achieved an internal rate of return (IRR) of 27.4 per cent with an equity multiple of 3.15 times for its investors.

Net of the performance fee of approximately S$16.06 million, the IRR achieved was 26.3 per cent with an equity multiple of over three times.