Raising from LPs in Singapore: How Managers from Outside Singapore Get Their First Meetings
If you manage a private fund outside Singapore and want to meet LPs there, go in person: Singapore is compact, easy to navigate, open for meetings almost all year, and home to one of the fastest-growing concentrations of family offices anywhere.
Singapore is one of the largest markets for Private Capital Development (PCD) introductions, with steady activity for years. PCD has arranged one-to-one introductions with Singapore-based allocators for managers from the United States, Europe, Australia and beyond. This page sets out what we see around those meetings.
Who allocates to managers from outside Singapore
Family offices first. Singapore’s family-office sector has boomed, helped by wealth relocating from elsewhere in Asia, including Hong Kong. The Monetary Authority of Singapore reports that more than 2,000 single family offices received its tax incentives at the end of 2025, managing money for families predominantly from the Asia-Pacific region, followed by Europe and the Americas. So, as in Switzerland, do not assume the money behind a Singapore meeting is Singaporean.
The Singapore-based institutions that have taken first meetings with managers PCD introduced include:
- Single and multi-family offices, many serving families from across Asia. One Singapore family office has met more than ten managers PCD introduced since 2021.
- Private banks and asset managers.
- Investment arms of family-owned business groups.
- Philanthropic foundations and university endowments.
How a first meeting in Singapore works
- Go in person. A first meeting in Singapore is best held face to face.
- One city, many meetings. Singapore is a highly concentrated city-state, so a manager can see several LPs in a day. Few markets make an in-person trip this efficient.
- Almost any time of year works. For the most part Singapore is open for meetings year-round.
GIC and Temasek: often a U.S. meeting
Singapore’s two state investors are among the most visible LPs in the world, and managers often plan a Singapore trip around them. For a North American manager, that is usually the wrong trip. GIC and Temasek are more likely to meet a North American manager in their own U.S. offices than in Singapore. Save the Singapore itinerary for the family offices, private banks and foundations that make decisions there, and approach the state investors where their North American coverage sits.
Why the room matters in Singapore
PCD’s co-founder has been bringing managers to Singapore since 2010. Randy Mitchell’s Certified Trade Missions for U.S. fund managers, run while he was at the U.S. Department of Commerce, stopped in Singapore in March 2010, and again in 2012 and 2013.
In a city this concentrated, and with family offices arriving every year, the managers who get meetings are the ones introduced by someone the LP knows. The largest fund managers are over-marketed to Singapore LPs, who hear from them constantly. What a Singapore allocator values is a manager it would not otherwise meet. PCD’s introductions come from Randy Mitchell’s own email address, and many of the allocators who receive them are people he has met in person. Not all of them, but many.
Where PCD's role ends
PCD builds a manager's standing with Singapore allocators and arranges the introduction. It does not offer or promote a fund, and it does not solicit investment on a manager's behalf, in Singapore or anywhere else. Questions about offering fund interests to investors in Singapore belong with the manager's own counsel there.
If you are an allocator checking that a manager is regulated and licensed in its home market, or a manager preparing to be checked, PCD's Global Directory of Fund-Manager Regulators names the regulator and the public register to consult in each major jurisdiction.
Private capital associations in Singapore
- Singapore Venture & Private Capital Association (SVCA) — svca.org.sg. The national body for venture capital, private equity and private capital, founded 1992. It initiated the ASEAN Venture Council, which now spans the Singapore, Indonesian, Thai and Malaysian associations.
The full, verified list of more than 100 associations worldwide is in PCD's Global Directory of Private Capital Associations.
Frequently asked questions
Do Singapore LPs invest in funds managed outside Singapore?
Yes. Family offices, multi-family offices, private banks, family business groups, foundations and endowments in Singapore all take first meetings with managers from outside the country.
Is the money behind a Singapore family office Singaporean?
Often not. The Monetary Authority of Singapore reports that the city’s more than 2,000 incentivized single family offices manage money for families predominantly from the Asia-Pacific region, followed by Europe and the Americas.
Should I meet GIC or Temasek in Singapore?
For a North American manager, usually not. They are more likely to meet you in their U.S. offices. Use a Singapore trip for the family offices, private banks and foundations that decide there.
Is a first meeting with a Singapore LP better in person or by video?
In person. Singapore is compact, so an in-person trip can cover several LPs a day.
When is the best time to visit Singapore LPs?
For the most part, any time of year. Singapore is open for meetings almost year-round.
Looking at investors in Singapore?
If you have no relationships there yet, the introduction is the part we do.
Cross-border LP introductionsEducational content only. This page was researched and drafted with AI assistance and reviewed for accuracy before publication. It is general information, current as of the "Last reviewed" date shown above, and is not legal, tax or compliance advice. Private Capital Development LLC is not a law firm and is not a broker-dealer. PCD facilitates relationships between fund managers and institutional investors, on a flat-fee retainer.
Private Capital Development, a Benefit LLC, is a Maryland-based firm founded in 2018 that connects private capital fund managers with institutional allocators through personal, one-to-one introductions. Capital Mobilization is the name of its capital-introduction practice.