Cornerpiece Capital Partners, a Singapore-based boutique asset manager, is planning on launching two actively managed certificates (AMCs) and begin fundraising for a healthcare fund later this year.
Cornerpiece, which is best known for its expertise in private markets, particularly trade finance, is launching the two AMCs, which will invest in public securities.
The first will invest in Asian equities, and Cornerstone recently brought on board Ranjiv Raman, where he was managing a similar portfolio at Schroders. The second comprises a multi-asset portfolio, which will invest in a mixture of direct equities and fixed-income securities as well as an allocation to ETFs.
“We have chosen to go via the AMC route because if you weight that up against funds, obviously the time to go to market, the cost of setting up and the fact that it trades just like a collective investment scheme and it’s available on most of the custodian banks just makes it a lot more seamless to go to market,” said Raman.
The healthcare fund is a more typical private equity strategic healthcare fund and will focus on three key areas: precision medicine, life sciences and medical devices.
“There’s a lot of dry powder out there. People are sitting on the sidelines. We just need the entire environment to be a bit more conducive to pull the trigger. That’s why we’re positioning our fund raise towards the latter half of the year,” said Raman.
