China’s Bona and Singapore’s Tembusu To Create $100 Million Private Equity Fund

China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry.

The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties and and status as a financial hub to attract investors from and outside the region.

The closed-end five-year media fund will be formalized on March 31, 2015, with fund raising to begin theareafter. Anchor investors are likely to include Bona Film Group and Thailand’s Chia Tai Group. The fund will target media companies, content and technologies as investment targets.

“The existing film and TV co-production agreement between Singapore and China opens up opportunities for the fund to invest in projects that involve Singapore-based media companies. In addition, we will be looking at media companies globally that have a ‘China-story’,” said Cheng, a former member of parliament who Cheng is the executive director and co-founder of models to publishing group Lumina-Looque International.

Singapore’s Minister for Culture, Community and Youth and the Second Minister for Communications and Information, Lawrence Wong, was a witness to the signing of a memorandum of understanding between the three parties.

More Biz

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • Jay-Z Rep: If Made in America

    If Made in America Isn't on the 'Rocky' Steps, It's Not Happening in Philadelphia, Jay-Z Rep Says

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • Kevin Durant Rich Kleiman

    Kevin Durant Shares His Media Biz Playbook at Variety Sports & Entertainment Breakfast

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • David-Zaslav-Discovery Sun Valley Conference

    A Look at Key Trends Facing Media and Tech Companies Ahead of Q2 Earnings

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • Spotify logo is presented on a

    Spotify Launches Feature to Help Artists, Labels Submit Music to Playlists

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • Comcast

    Comcast Drops Out of Bidding War With Disney for 21st Century Fox Assets to Focus on Sky

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

  • Harry Styles performs at the Greek

    Harry Styles Tour Tally: Nearly 1 Million Tickets Sold, $1.2 Million in Charity Donations (EXCLUSIVE)

    China’s Bona Film Group, Singapore private equity fund Tembusu Partners and Singapore entrepreneur Calvin Cheng are to establish a US$100 million fund targeted at China’s media and entertainment industry. The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector and aims to leverage Singapore’s legal framework, co-production treaties […]

More From Our Brands

Access exclusive content