CapBridge unveils world's first rules-based trust

Singapore

TWO new funds worth more than US$140 million have been launched by Singaporean-founded investment vehicles to support growth companies and startups globally, The Business Times has learnt.

The first is a US$100 million pre-IPO (initial public offering) fund set up by CapBridge in collaboration with Gordian Capital. This sub-trust fund under the CapBridge Investment Trust (CIT), said to be the first-of-its-kind, is a rules-based trust that invests in private securities.