Moonfare GmbH, a private-equity investment platform founded by a former KKR & Co. executive, has chosen Singapore as its Asia hub as the German startup seeks to triple its assets under management to at least $200 million by end of this year.
The Berlin-based fintech company, which offers retail investors access to top-tier private equity opportunities via its digital investment platform, opened in Singapore on Thursday, its second office in Asia. The company started operation in Hong Kong in the midst of a mass protest in 2019 and has aggregated $60 million of capital from investors in Asia last year, a six-fold increase, Pauls said.
In 2021, Asia recorded growth of 12% in its ultra-high-net-worth population, making it the best-performing region in the world. Singapore attracted strong inflows of capital into both traditional and alternative investment strategies as assets under management reached $3.5 trillion in 2020, the company said.
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