Your Preferred Fund Management Platform Solutions

Design your fund blueprint at PhillipCapital, where we establish cost-effective fund structures and facilitate seamless setup with our team of experts in infrastructure and support, all within a single hub. 

Dedicated to help your fund succeed on a global scale, we connect you to our global distribution network, and adopt a comprehensive approach to ensure efficiency and precision in every aspect of your fund establishment.

Platform

Panel Partners

Mid & Back Office

Global Network

Research

Governance

Variable Capital Company

  • The Variable Capital Company (VCC), constituted under the Variable Capital Companies Act 2018 (Act 44 of 2018), is a new and simplified corporate structure tailored for investment funds in Singapore.

  • VCC fund can be constituted either as a stand-alone entity for a single fund or as an umbrella entity with multiple sub-funds. It can also be set up for both open-ended and closed-ended funds with either a traditional or an alternative fund strategy. 

Why VCC?

Diversification

Fund managers are able to adopt open-ended and closed-ended investment strategies for different sub-funds within a single VCC entity across various asset classes.

Cost efficient

Unlike traditional fund vehicles, a VCC allows fund managers to create an umbrella structure that leads to cost savings by spreading expenses across multiple sub-funds, achieving economies of scale.

Operational flexibility

A VCC offers fund managers greater freedom and flexibility to issue and redeem shares in swift response to market changes, and pay dividends using its capital without shareholder approval.

Tax efficiency

All sub-funds within a VCC are treated as a single entity for tax purposes. The framework allows fund managers to benefit from both Singapore’s tax treatments such as tax exemptions for distributions and Double Taxation Avoidance treaties with over 85 countries. 

Segregation

The VCC enables the ring fencing of assets and liabilities for each sub-fund, which helps to protect investors in one sub-fund from the risks associated with other sub-funds.

Re-domiciliation 

Besides incorporating new funds, a VCC also allows fund managers to redomicile existing investment funds from other countries to Singapore by transferring their registration to Singapore.

Privacy

The financial statements and shareholder details of any VCC are not publicly available.

Our Funds

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Stallion SG Shophouse Fund

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Get in touch with us

Dolphin Global Fund

Portfolio Manager

Li Dong

Investment Manager

PHILLIP SECURITIES PTE. LTD.

Fund Launch Date

09 February 2024

Investment Strategy​

Balanced Fund (equity & fixed income)​

Strategy Description ​

The Fund will actively seek to achieve its investment objective by investing in various instruments such as exchange-listed securities, listed ETFs, listed fixed income products and derivatives, to achieve capital gain and income

Dolphin Global Fund

Private Equity Total Return Fund

Portfolio Manager

Phil A. Woods

Investment Manager

PHILLIP SECURITIES PTE. LTD.

Fund Launch Date

31 January 2024

Investment Strategy​

Private Equity Fund

Strategy Description ​

The Fund will actively seek to achieve its investment objective by investing in co-investment deals, direct private deals, and other funds, aiming to achieve net asset value growth.

Private Equity Total Return Fund

Global Receivables Fund

Portfolio Manager

Phil A. Woods

Investment Manager

PHILLIP SECURITIES PTE. LTD.

Fund Launch Date

08 February 2024

Investment Strategy​

Private Credit Fund

Strategy Description ​

The Fund will actively seek to achieve its investment objective by providing working capital to facilitate trade finance, and holding receivables or credits of investment grade and/or small and medium enterprises for one (1) year or less, with an aim to provide investors with double digit average annual returns.

Global Receivables Fund

Alpha Tech Fund

Portfolio Manager

Lee Keng Mun

Investment Manager

PHILLIP SECURITIES PTE. LTD.

Fund Launch Date

06 April 2023

Investment Strategy​

Private Equity Fund

Strategy Description ​

The Fund will actively seek to achieve its investment objective by primarily investing in the Fusion Supernova Fund I, L.P., a Delaware limited partnership (corporation number: 7077340) which in turn invests in the Portfolio’s Companies.

Alpha Tech Fund

Stallion SG Shophouse Fund

Portfolio Manager

Lee Keng Mun

Investment Manager

PHILLIP SECURITIES PTE. LTD.

Fund Launch Date

09 January 2024

Investment Strategy​

Property Fund

Strategy Description ​

The investment strategy of the Fund is:

1) to acquire an astutely curated portfolio of Singapore’s limited number of commercial shophouses.

2) to further acquire and restore an identified pipeline of commercial conservation real estate in historic districts and secondary settlement.

Stallion SG Shophouse Fund