Singapore, 5 September 2017 – Elite Partners Capital Limited (“Elite” or “the Company”) announced today that it has received the green light from the Monetary Authority of Singapore to operate as a Registered Fund Management Company (“RFMC”).
The RFMC will allow Elite to manage up to S$250 million for up to 30 accredited investors, of which no more than 15 can be funds.
Under the MAS Securities and Futures Act, qualified investors include individuals whose net personal assets exceed S$2 million or whose income in the preceding 12 months is not less than S$300,000, as well as corporations with net assets exceeding S$10 million.
Incorporated earlier this year, Elite focuses on global real estate and alternative investments and is run by a forward-looking team with deep expertise in private equity, corporate finance and capital markets. Its CEO and co-founder Victor Song was also a founding member of SGX-listed Viva Industrial Trust, a real estate investment trust (“REIT”) which has since merged with ESR REIT.