MAS Unveils New Pathways for Retail Investment – Dive into Private Market Investment Opportunities

The Monetary Authority of Singapore (“MAS”) has issued a consultation paper seeking feedback on a proposed regulatory framework to allow retail investors access to private market investments through Long-Term Investment Funds (“LIFs”). 

Traditionally limited to institutional and accredited investors due to their risks and illiquidity, private market investments are now being reconsidered for retail participation both globally and locally. The MAS framework aims to provide retail investors with exposure to these investments in a risk-calibrated manner, using two LIF structures: (1) the Direct Fund; and (2) the Long-term Investment Fund-of-Funds (“LIFFs”). 

Read further for our summary and analysis.