EDB appoints seven fund management companies as Global Investor Programme (GIP)-select funds (Media Release, 1 June 2023)

EDB media release of 1 June 2023: seven fund managers appointed as GIP-select funds (named), Option B S$25m (tenfold the old S$2.5m), call for proposals 2-31 March 2023, manager criteria (AUM at least S$1bn, three funds raised, 10 years' GP track record), funds to invest at least 50% of GIP monies or S$50m (whichever lower) in Singapore companies in EDB sectors, three-year appointment from 12 May 2023 with quarterly reporting, 24,699 jobs created by GIP investors 2011-2022, GIP introduced 2004; Annex A criteria, Annex B sectors, Annex C fund manager profiles (their own AUM and portfolio figures, not programme numbers). The appointment event and S$25m term were already recorded; this pass adds the jobs figure, the count of appointed managers, the fund rules and the call-for-proposals event. Rules restated from other sources are now recorded from this document too (decision 8).