Tembusu Partners, a Singapore private equity firm, said it was planning to set up a S$500 million ($353.9 million) leveraged buyout fund to focus on listed companies in Southeast Asia.
The firm is also looking to raise a $50 million Vietnam fund and a S$50 million special situation fund, according to news agency Reuters.
Tembusu, which was set up about a year ago, manages a S$100 million growth fund that has invested in 11 companies in various industries including oil and gas and metals processing.
The firm invests in growth-stage companies in core industry sectors where it has experience such as oil and gas, base metals reprocessing and education.
Its focus is on emerging Asia, including China, India and Southeast Asia with Singapore as the hub, which it believes offers the fastest growing market opportunities for its portfolio.
Its recent deals include a $2 million investment in November last year for a 5.07 percent stake in Ying Tai Bio-Technology, a producer of a biological enzyme Lysostaphin, which is a substitute for antibiotics.
In October 2007, it increased its exposure to GlobalRoam, an IT company that offers integrated communication services, from 4.99 percent to 15.28 percent.