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Tycoon Lee Launches S$6B Private Fund
15 Oct
Summary
- Lee plans to establish a private fund in two months.
- The fund will initially hold two assets valued at S$6 billion.
- It targets an internal rate of return between 10% and 11%.
Malaysian property tycoon Lee Yeow Seng is set to launch a new private fund within the next two months. This initiative marks a significant move in his aggressive approach to the property market.
The fund will commence operations with an initial portfolio comprising two assets, collectively valued at S$6 billion. Lee is targeting a robust internal rate of return for this fund, aiming for a range of 10% to 11%.
Furthermore, the fund is structured to provide distributions to investors on a semiannual basis. This strategy underscores Lee's ambition and his established reputation as a key player in property acquisitions.
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