DBS seeds new Myo Capital fund
Justin Ferrier’s firm has secured a $150 million anchor investment from the Singaporean bank for the distressed and special situations strategy.
Hong Kong-based Myo Capital is to launch Myo Capital Special Situations Fund I with a commitment of up to $150 million from DBS Bank. The Singaporean bank will take a minority stake in the alternative investment firm, which will become an affiliate of DBS.
"We believe DBS will bring significant value to the venture, especially in the sourcing and origination of deals," says Myo founder Justin Ferrier.
The fund will be open to external investors and has a target size of $300 million.…
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