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Apollo Wins Bid for Singapore's $1 Billion Private Credit Fund [Yahoo! Finance Canada]

VinFast Auto Ltd. - Ordinary Shares (VFS) 
Most Read from Bloomberg The Ministry for Trade and Industry and Enterprise Singapore in March introduced the $1 billion Private Credit Growth Fund, which aims to provide non-dilutive customized financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter, the statement said. The Private Credit Growth Fund, first introduced in the government's budget speech in February, is among Singapore's initiatives as it seeks to boost its presence in the burgeoning $1.7 trillion private debt space. This follows the Monetary of Authority of Singapore's initiative from March, when it had sought public feedback on a proposed regulatory framework targeting the asset class. The framework aims to grant retail investors access to the private market with proper safeguards in place. Adding onto the city state's private market ambitions, Singapore's sovereign wealth fund Temasek Holdings Pte. in December said it had s Show less Read more
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