Net worth grew +2.1% MoM to SGD 2.50B, driven primarily by a +3.4% gain in the equity sleeve and partially offset by an additional SGD 18M of capital deployed into Clearlake VIII. Liquid reserves held above the policy minimum of 8% NAV throughout the month.
Net worth components (SGD)
| Bucket | Start MTD | End MTD | Change |
|---|---|---|---|
| Listed equities | 1.40B | 1.45B | +SGD 50M |
| Fixed income | 480M | 478M | -SGD 2M |
| Private markets | 320M | 335M | +SGD 15M |
| Alternatives | 90M | 92M | +SGD 2M |
| Cash & MM | 245M | 252M | +SGD 7M |
| Liabilities | (60M) | (52M) | +SGD 8M |
| NAV | 2.45B | 2.50B | +SGD 50M |
Period income
- Distributions from listed securities: SGD 6.4M
- Money-market interest received: SGD 1.6M
- Interest paid on liabilities: (SGD 0.8M)
- Various income / FX gains: SGD 0.2M
- Net income: SGD 7.4M
Notes
- Three PE GPs published Q1 NAV updates; values pulled forward to 31-Mar marks.
- Two reverse-convertible notes in the EUR sleeve are within 6% of knock-out; risk team flagged for monitoring.
- No legal events outstanding; KYC refresh for Whitford HK Ltd remains in the legal queue (assigned to Marcus Lim).