 | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2008 |
| Founder | Danny Yong Keith Tan |
| Headquarters | Millenia Tower, 1 Temasek Avenue, Singapore |
| Products | Hedge fund Private Equity Venture Capital |
| AUM | US$5.7 billion (2022) [1] |
Number of employees | 170+ [2] |
| Website | www |
Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia. [2] [3]
Abax Dymon was founded in 2008 by Danny Yong and Keith Tan. Yong was founding partner and CIO of Abax Global Capital, a hedge fund based in Hong Kong that was part-owned by Morgan Stanley. He previously was a managing director at Citadel LLC and Head of Trading for South East Asian FX and Derivatives at Goldman Sachs. [3] [4]
In August 2008, the Tudor Investment Corporation provided US$123 million of seed funding to Dymon Asia. [3] [4]
In August 2009, the firm separated from Abax Global Capital and was renamed to Dymon Asia. It also stated accepting money from outside investors. Initially it relied on European investors for half of its money but later gathered capital from US investors and pension funds. [3]
In May 2014, Temasek Holdings invested US$500 million in Dymon Asia and also took a minority stake in the company. [5]
Dymon Asia is an investment firm that invests in both the public equity as well as the private equity markets. [3] It is headquartered in Singapore with additional offices in Hong Kong, Tokyo and London. [6]
Its flagship fund is the Dymon Asia Macro Fund which held US$2 billion assets under management and had a return of 37% in the first quarter of 2020. [3] [1]
In 2020, the US$1 billion Dymon Asia Multi-Strategy Investment Fund was launched. [7]
Aside from the two funds above, Dymon Asia also runs a China Absolute return Bond fund and the Jadea Segregated Portfolio, a Greater China-focused long-short equity fund. [8]
In 2012, Dymon Asia Private Equity was founded as the Private Equity arm of Dymon Asia. It is focused on making investments in SME companies in Southeast Asia. [9]
| Fund | Vintage Year | Committed Capital ($m) |
|---|---|---|
| Dymon Asia Private Equity (S.E. Asia) Fund [10] | 2012 | SGD 300 |
| Dymon Asia Private Equity (S.E. Asia) Fund II [11] | 2018 | USD 450 |
| Dymon Asia Private Equity (S.E. Asia) Fund III [1] | 2022 | USD 650 |
In 2015, Dymon Asia Ventures was launched as the venture capital arm of Dymon Asia [12] and raised US$50 million in 2017 to invest in fintech companies. [13] In 2020, Dymon Asia Ventures was spun-off as a separate company to form Integra Partners. [14]
Notable investments include Capital Match [15] and QxBranch. [16]
Venture capital (VC) is a form of private equity financing that is provided by firms or funds to startup, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.
Temasek Holdings (Private) Limited, or simply Temasek, is a global investment company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek has a net portfolio of US$287 billion as of 2023, with S$27 billion divested and S$31 billion invested during the year.
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments.
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. The firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.
Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.
Soros Fund Management, LLC is a private American investment management firm. It is currently structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. It is headquartered at 250 West 55th Street in New York. As of 2023, Soros Fund Management, LLC had $25 billion in AUM.
EQT is a Swedish global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific.
In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.
Avenue Capital Group is an American multinational investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equity firm and as a hedge fund. Avenue's core strategy is focused on distressed debt and equity securities although the firm also manages investment funds that focus on long-short opportunities, real estate, and collateralized debt obligations. The firm manages assets valued at approximately $9.5 billion. The firm was founded by former professionals of Amroc Investments, an affiliate of the Robert M. Bass Group.
Richard Ong Tiong Sin is a Malaysian businessman and investor. He is the founder, chairman, and CEO of RRJ Capital, one of the largest private equity funds based in Asia. Richard was also a founder and CEO of Hopu Fund 1, a Beijing-based private equity fund.
Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions. This name was chosen due to the markets that Samena invests in. These are the Indian Subcontinent, Asia, Middle East and North Africa – a region collectively known as SAMENA. Also in ancient Buddhist script, Samena means "together" or "collective", which reflects the collective investment model the company is based on. The company and its subsidiaries employ 26 people in 3 locations worldwide, and has 48 shareholders.
C2FO is a Leawood, Kansas-based financial technology company that operates a working capital finance platform that allows businesses to access funds that are tied up in accounts receivable.
Hillhouse Investment is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast Asia, North America, and Europe. Hillhouse has Asian offices in Singapore, Hong Kong, Beijing and Shanghai with additional international offices in New York City and London.
China Renaissance is a Chinese financial institution. Founded by Fan Bao in 2005 as a financial advisory firm, China Renaissance’s core business now consists of investment banking, investment management and wealth management. As of June 30, 2020, China Renaissance had advised on approximately 980 transactions worth over USD$146 billion since its inception, and the company’s private equity funds had AUM of approximately RMB39.0 billion in new economy investments.
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