Local firms with high-growth potential can tap S$1b Private Credit Growth Fund to expand overseas

Singapore will launch new funding programmes later this year to help local businesses with high-growth potential expand and break into new international markets. The initiatives offer tailored funding options — without giving up ownership — and long-term financial support to drive sustained growth. To ensure the S$1 billion Private Credit Growth Fund is used effectively, experienced fund managers with a strong track record in private equity will be hired to oversee the distribution. Nadirah Zaidi reports.