SINGAPORE (Feb 3): Sakae Holdings is looking at setting up an investment fund initially worth $250 million.

The move is "a logical step" after the recent establishment of a corporate advisory business, the company said in a statement today.

"Given the progress in our corporate advisory business, we are now focused on the establishment of an asset management business in our group.

"We believe that an appropriate starting point would be a $250 million opportunistic fund to invest in both public and private opportunities where we identify deep value whether because of growth prospects, market inefficiencies or otherwise."

Sakae inked a memorandum of understanding last month with Religare Capital Markets to offer corporate finance services to companies. It said then that a number of companies listed in France, Germany and the UK are keen to explore a dual listing in Singapore.

Sakae's first corporate advisory client is Q&M Dental, which it will market to investors in Europe and the US.

"An asset management business is the logical next step in the development of our financial services business as it would allow us to further reinforce the partnership with our stakeholders and benefit the companies that we invest in as well as promote our investors’ goals," Sakae said today.