bloom.CAPITAL seeks to raise fund for Emergency Services sector focus
Singapore based bloom.CAPITAL plans to raise up to €500m for buyout fund focused on the global Emergency Services industry.
Bloom Capital, the Singapore-based private equity (PE) fund manager, plan to launch its first buyout fund in the city-state targeting €500 million. The new fund, named Global Safety Fund, will target buyouts and platform investments within the public safety and emergency services sector.
Bloom launched the new fund for investment opportunities in the emergency services sector which has seen upward trending stability throughout the pandemic and is expected to experience solid growth over the next decade as nations and municipalities invest for preparedness against future risks, and in Asia in particular where the rate of urbanization, education gains, and relative young age populations are greater than in other regions.
Global Safety Fund is a culmination of the deep experience of its leadership in the public service industry, its intimate knowledge of Asian markets, and the fund manager's expectations that stable, relatively lower risk returns will be preferred by institutional and corporate investors to the rapid yet largely unpredictable growth rates of tech-leaning sectors that was experienced during the COVID-19 pandemic. "The back side of the COVID-effect is yet to be seen, when people around the world begin returning to the workplace and presumably use digital meetings and e-commerce much less than they did during the surge of 2020 that led to eye-watering valuations of many companies." explained Zachary Allen, co-founder of bloom.CAPITAL.
The past two decades have shown macro economic cycles that have squeezed the margins of many sectors and their ability to react to parallel gravitational shifts in demand from mature, stagnant markets in the west to rapid growth markets in the east which have proven much less conservative than their core markets in their adoption of innovative technologies. "After vaccinations become more widespread and the efforts of scaling up the response become less challenging and more of a stable regularity, we expect demand shift towards strengthening governmental and non-governmental response capabilities for future crises so we're not again caught completely flat-footed as we were in 2020." Allen went on to say that a well-positioned platform acquisition, with solid management in place and a strong plan to evolve to meet the changing shapes of demand in both design, mission, and locus of innovation will be able to capture high rates of growth that is atypical in the target sector.
bloom.CAPITAL is beginning a recruiting drive in Q2/2020 to seek top talent from Singapore's financial industry to continue enhancing the capabilities at their Singapore headquarters, located at One Fullerton in the heart of Singapore's business district.