Sakae Holdings is looking at establishing an asset management business.
“We believe that an appropriate starting point would be a $250 million opportunistic fund to invest in both public and private opportunities where we identify deep value whether because of growth prospects, market inefficiencies or otherwise,” Douglas Foo, Founder of Sakae Holdings, said in a statement.
This is decided given the progress in its corporate advisory business, as it gives Sakae access to companies with significant growth and promising strength.
“An asset management business is the logical next step in the development of our financial services business as it would allow us to further reinforce the partnership with our stakeholders and benefit the companies that we invest in as well as promote our investors’ goals,” Foo added.
Sakae Corporate Advisory is a wholly owned subsidiary of Sakae Holdings, a public-listed Singapore-based company known for its Japanese restaurant chain, Sakae Sushi.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
