Capital raising advisor Eastbound Equity has launched its operation in Singapore to match private fund managers and businesses with investors by connecting the East and the West.
“We noticed that not all Asian investors, whether family offices, corporates, or sovereign wealth funds have good access to top-tier funds and companies outside of the region. This works the other way around with European and US investors in Asia,” Eastbound Equity’s founder and CEO Joep Uijttewaal told DealStreetAsia.
“Niche funds, such as deep tech, agriculture tech, or AI funds, are harder to find, especially if they’re in their first or second vintage. We’ve started identifying these funds and companies and bringing them to investors in the other markets,” he said.
Eastbound Equity intends to leverage its network of 700 investors and a global team of experts to identify and support high-growth private funds and businesses across Asia, according to a release.
Besides helping emerging managers with pitch decks, data room, marketing material and road shows like other placement agents, the firm will partly reinvest success fees into the fund or businesses that it advises on, said Uijttewaal.
It will deploy more than $50 million across funds and primarily technology-focused businesses on behalf of the network, which includes family offices with assets under management of around $100 million to over $1 billion, the release said.
Eastbound Equity currently advises the fundraising efforts of Dutch hydrogen-powered aircraft company Fokker Next Gen.
The Singapore office in Tanjong Pagar has hired four employees. Additionally, the firm has brought on nine global advisors based in Dubai, Los Angeles, Lyon, Paris, Amsterdam, Hong Kong, and Tokyo, with plans to expand into Sydney by November.
