InCred Capital Announces Strategic Acquisition of Singapore’s S Cube Capital

S Cube Capital (SAIML Pte Ltd), a fund management firm located in Singapore, has been bought by InCred Capital, the wealth management subsidiary of InCred Group. The business announced its intention to merge S Cube Capital with its Singaporean subsidiary, InCred Global Wealth Pte Ltd, pending necessary regulatory clearances. With this change, its Singapore platform now includes regulated fund vehicles.

Financial advising firm Arrow Capital, based in Dubai, was bought by InCred Capital in February. In order to fortify its offshore capabilities along the investment corridor connecting Singapore, the Gulf Cooperation Council (GCC), and India, the company has made the following acquisitions. With this acquisition, Balaji Swaminathan and Hemant Mishra, co-founders of S Cube Capital, will become joint vice chairs of InCred Worldwide Wealth's worldwide asset management division.

Business Operations of S Cube Capital & InCred Global Health

Founded by a group of senior investment bankers with a combined 70 years of expertise in the business, S Cube Capital is an asset management firm authorised by the Monetary Authority of Singapore (MAS). Ultra-high-net-worth individuals, family offices, and institutional investors are the target clients of InCred Global Wealth, a MAS-regulated firm that offers services such as credit, investments, and legacy planning.

An experienced investing team, knowledge of both fixed income and alternatives, and a regulated fund infrastructure make S Cube Capital an ideal fit for InCred's platform, according to Srikantan Selvamani, CEO of InCred Global Wealth. With this acquisition, InCred's global asset management business is strengthened, and its Singapore offering is augmented with scale and a robust range of fund vehicles and solutions.

InCred Expanding its Business Operations

The wealth assets under management (AUM) of InCred Capital, an Indian, Singaporean, Dubai, and London-based firm, currently exceed INR 1 lakh crore, or almost $10.5 billion. Wealth management, asset management, and capital market advising are some of the services it offers to corporations, institutional investors, and affluent people. Bhupinder Singh established the InCred Group in 2017, which includes InCred Capital.

Another group firm, InCred Holdings, recently submitted a revised DRHP for its initial public offering (IPO) to SEBI last week after having submitted secret draft papers in November. Existing stakeholders have the option to sell up to 9.9 Cr shares as part of the planned offer, which also includes a new issue of INR 1,250 Cr. Investors such as Paragon Partners, Sattva Group, and Varanium Capital Advisors have contributed more than $450 million to InCred Group's investment round so far.