18 Feb 2022
3SAM officially became an RFMC (Registered Fund Management Company) on 18 Feb 2022. An RFMC is registered with the Monetary Authority of Singapore (MAS), and would have to meet minimum competency requirements to be eligible, and must comply with applicable laws and regulatory requirements at all times.
The RFMC will allow 3SAM to manage up to S$250 million for up to 30 qualified investors, of which no more than 15 may be funds or limited partnership fund structures.
According to MAS guidelines, qualified investors will need to have a minimum income of S$300,000 in the last 12 months (or its equivalent), or at least S$2 million of net personal assets, or at least S$1 million value of Net Financial Assets (or its equivalent in a foreign currency). For corporations, a legal entity with net assets exceeding $10 million in value.
Incorporated in 2021, 3SAM focuses on food-related projects in Asia Pacific with strong ESG principles. Its CEO and founder, Emily Goh, is an experienced private equity professional, whose extensive business advisory activities cover strategic alliances and international mergers & acquisitions.
