Singapore's Tembusu plans $354 mln buyout fund

SINGAPORE, Feb 5 (Reuters) - Tembusu Partners, a Singapore private equity firm, said on Tuesday it plans to set up a S$500 million ($353.9 million) leveraged buyout fund that will focus on listed companies in Southeast Asia.

The firm also plans a $50 million Vietnam fund and a S$50 million special situation fund, its director Emily Goh told Reuters.

Tembusu, which was set up about a year ago, manages a S$100 million growth fund that has invested in 11 companies in various industries including oil and gas and metals processing.

Its recent deals include the sale of its 20 percent stake in a Malaysian copper smelter to Singapore-listed copper refiner Advance SCT (ASCT.SI: Quote, Profile, Research, Stock Buzz) in a deal valued at S$11.1 million. (Reporting by Kevin Lim, editing by Neil Chatterjee)