Private equity

How Singapore stole a march on HK in private equity

The aspirations of Hong Kong to become a viable private equity fund domicile face competition from Singapore, which is already more advanced in its plans.

As Hong Kong considers how best to set up modern limited partnership rules and taxes to attract private equity companies to set up in the city, it may cast some envious glances southwards, where Singapore has had its PE regime up and running since 2010. 

The Lion City’s experience could also prove instructive, as it took time for it to generate decent traction with private equity managers.

“The Singapore limited partnership regime started getting popular only post 2012 or 2013, before which we had seen very few asset owners using the Singapore-based LP structure,” said Armin Choksey, Singapore-based partner of asset management at consultancy PwC....

¬ Haymarket Media Limited. All rights reserved.

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