Capital raising advisor Eastbound Equity has officially launched its operations in Singapore, aiming to connect private fund managers and businesses with investors by bridging the gap between the East and West.
"We've observed that many Asian investors, including family offices, corporates, and sovereign wealth funds, often lack access to top-tier funds and companies outside their region. The same is true for European and US investors looking to invest in Asia," said Joep Uijttewaal, founder and CEO of Eastbound Equity, in an interview with DealStreetAsia.
"Specialized funds, such as those focused on deep tech, agriculture tech, or AI, are particularly difficult to access, especially if they are in their early stages. We have started identifying these niche funds and companies and are introducing them to investors in different markets," he added.
According to a company release, Eastbound Equity plans to leverage its network of 700 investors and a global team of experts to identify and support high-growth private funds and businesses throughout Asia.
In addition to the typical services provided by placement agents—such as preparing pitch decks, creating data rooms, and organizing marketing materials and roadshows—Eastbound Equity will also reinvest a portion of its success fees back into the funds or businesses it advises, Uijttewaal noted.
The firm plans to deploy over $50 million across various funds and predominantly technology-focused businesses on behalf of its investor network, which includes family offices managing assets ranging from $100 million to over $1 billion, as stated in the release.
Eastbound Equity is currently advising the fundraising efforts of Fokker Next Gen, a Dutch company developing hydrogen-powered aircraft.
The Singapore office, located in Tanjong Pagar, has already hired four employees. Additionally, the firm has brought on nine global advisors based in Dubai, Los Angeles, Lyon, Paris, Amsterdam, Hong Kong, and Tokyo, with plans to further expand into Sydney by November.