FlowCapital launches $150 million private equity fund

According to Bloomberg, FlowCapital Partners plans to launch its US$150 million private equity fund to a blockchain platform in Singapore by the end of this month, becoming one of the first asset managers in Asia to take advantage of the growing liquidity of stablecoins. The Hong Kong-based alternative asset manager will provide its parent fund through DigiFTTechPte. and plans to raise another $30 million through tokenization of shares by the end of the year. Jacky Tian, the company's chief investment officer, said the company's goal is to expand the fund, which was launched only in June, to $250 million by the end of the year.