Heliconia, with AUM over S$2b, hunts investments in new consumer trends

TEMASEK unit Heliconia Capital wants to seize opportunities in shifting consumer behaviour. It has its eye on product companies that can traverse business verticals due to strong branding and user communities.

The investment firm's assets under management (AUM) now exceed S$2 billion, its chief executive Derek Lau told The Business Times (BT). That's a jump from 2019, when Mr Lau said Heliconia had amassed more than S$1 billion worth of AUM.

He was speaking to BT recently on the back of Heliconia's investment in XM Studios, a local maker of luxury handcrafted pop culture collectibles, for an undisclosed amount. Regulatory filings showed Heliconia took a 9.2 per cent stake in the business.