Dymon Asia, Temasek Launch Fund

Firm: Dymon Asia Capital

Fund: Dymon Asia Private Equity

Target: $$300 million ($246 million)

Dymon Asia Capital is branching out to the private equity world, launching a fund with backing from a unit of Singapore state investor Temasek Holdings, a company email obtained by sister news service Reuters shows, indicating an uncommon move by a hedge fund.

The firm aims to raise S$300 million ($246 million) for Dymon Asia Private Equity (DAPE), Keith Tan, Dymon’s managing partner told clients in an email this month. Tan did not respond to an emailed request for comment. The new private ...

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