Private equity luring companies to stay private for longer: EY
Private equity funds can bring benefits to SMEs, but some of them stay private simply because they can afford to
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Singapore
THE proliferation of private equity funds looking to tap growth in the region is enticing some companies in Singapore to stay private for longer, according to senior executives at global consultancy Ernst & Young (EY).
There were 70 Asean-focused private equity funds that are aiming to secure a combined US$8.5 billion in capital as of June, according to data provider Preqin. This is up from 52 such funds targeting US$8.1 billion as of June last year.
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