Top Private Equity Firms in Singapore

Singapore, a strategic gateway to Asia’s fast-growing markets, is home to a dynamic private equity (PE) landscape. From local firms to global players with regional headquarters, Singapore’s PE scene supports sectors like technology, logistics, healthcare, and financial services.

This includes major institutions like GIC, which play a central role in Singapore investment strategy and global investment management. In this article, we’ll explore top private equity firms in Singapore, including growth equity investors and platforms like Asia Partners. We’ll highlight their investment focus, notable deals, and market expertise.

1. Temasek Holdings

Temasek Holdings is a global investment company headquartered in Singapore with a portfolio valued at over S$380 billion. Established in 1974, Temasek invests in sectors like telecommunications, life sciences, fintech, and infrastructure. Its long-term investment strategy aims to deliver sustainable value while supporting innovation and national development.

Temasek is known for its diversified and forward-looking approach. Notable investments include positions in Alibaba, DBS Group, and BioNTech. With a strong ESG mandate, Temasek plays an influential role in shaping Singapore’s financial ecosystem and regional capital flows.

2. Heliconia Capital Management

Heliconia Capital, a wholly owned subsidiary of Temasek, focuses on helping Singapore-based SMEs grow through direct equity investment. The firm targets high-potential companies with regional ambitions, offering both capital and strategic business support.

The firm has backed notable local success stories such as TWG Tea and YCH Group. By offering scale-up capital to mid-sized enterprises, Heliconia bridges the gap between venture capital and large PE players, making it a vital part of Singapore’s private equity infrastructure.

3. Navis Capital Partners

With a regional office in Singapore, Navis Capital Partners is a private equity firm that targets investments in Southeast Asia. It focuses on buyouts of mid-sized companies in sectors like food & beverage, healthcare, and business services. Navis emphasizes control investments and long-term operational improvement.

Notable investments include QSR Brands (the operator of KFC and Pizza Hut in Southeast Asia) and the education provider Laureate Malaysia. Navis is known for its hands-on approach and commitment to enhancing portfolio company value over the medium to long term.

4. Dymon Asia Private Equity

Dymon Asia Private Equity is the PE arm of Dymon Asia Capital, a well-known alternative investment firm based in Singapore. The private equity funds division specializes in growth capital and buyouts for small and medium-sized enterprises in Southeast Asia, especially those based in Singapore and Malaysia.

With a focus on founder-led businesses, Dymon Asia has invested in companies such as Swee Heng Bakery and Transworld Group. The firm is known for preserving company culture while introducing systems that support scalability and cross-border expansion.

5. Quadria Capital

Quadria Capital operates out of Singapore and focuses on the healthcare sector across South and Southeast Asia. As one of the region’s leading healthcare-focused PE firms, Quadria invests in hospitals, diagnostics, medical devices, and healthcare IT.

Its investments include Medica Synergie, a hospital chain in India, and Concord Biotech. The firm provides deep sector expertise and strategic support to help portfolio companies meet the region’s growing demand for quality healthcare services.

6. TPG Capital Asia (Singapore Office)

TPG Capital, a global private equity firm, operates a major office in Singapore to serve the Asia-Pacific region. The firm manages billions in assets and has been active in Singapore’s deal landscape through both its flagship buyout funds and its growth platform, TPG Growth.

In Southeast Asia, TPG has invested in companies like Pathology Asia Holdings and PropertyGuru. Their strategy combines financial support with global expertise to drive digital and operational transformation in portfolio companies.

7. EQT Partners (Singapore Office)

EQT Partners, based in Stockholm, established its Asia-Pacific regional hub in Singapore. With a focus on sustainability and innovation, EQT targets investments in healthcare, TMT (technology, media, telecom), and services sectors.

The Singapore office has supported deals across Asia, leveraging EQT’s global platform to introduce best practices and advanced data capabilities. EQT’s value creation framework centers on digital transformation and ESG enhancement.

8. Northstar Group

Founded in 2003 and headquartered in Singapore, Northstar Group manages over $2 billion in committed equity capital. It focuses on investments in Southeast Asia, especially Indonesia and Singapore, across sectors like banking, consumer, and telecom.

Northstar’s notable investments include GoTo (Gojek-Tokopedia merger) and Bank BTPN. With a strong regional presence and deep local networks, Northstar is a preferred partner for businesses aiming to expand across Southeast Asia.

Let’s Recap

Singapore is a thriving hub for private equity insight, offering access to both regional opportunities and global capital. From sovereign-linked giants like Temasek and GIC to mid-market specialists like Dymon Asia and healthcare-focused firms like Quadria, these PE firms—many with expertise in growth equity and long-term investment management—play a crucial role in supporting business innovation and growth.

If you're seeking Singapore investment or partnership opportunities, the Private Equity List platform offers a streamlined way to identify the right firms. Whether you’re scaling a startup or leading a mature business, you can filter firms by region, sector, or deal size to find your ideal investor, including emerging leaders like Asia Partners.

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