Heliconia, with AUM over S$2b, hunts investments in new consumer trends
Add BT as a preferred source
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.
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell?
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
