-- Azalea, a unit of Singapore asset manager Seviora Holdings and indirectly owned by sovereign wealth fund Temasek, outlined plans to launch an evergreen private equity fund this year, Reuters reported on Wednesday.
Speaking with Reuters, Azalea CEO Chue En Yaw said the fund's key mission is to provide access to private equity without a fixed end date.
Established in 2015, Azalea aims to provide private equity access to a larger investor base. The company is also developing the product based on Singapore's regulatory changes, the report said.
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