DBS Enters Investment Partnership With Granite Asia

Editorial Staff

24 February 2026

will develop new funds exclusively for DBS clients and offer co-investment opportunities.

To kick off the pact, Granite Asia closed a $110 million initial public offering fund, with a focus on AI, to be distributed exclusively to DBS’s wealth clients.

The fund aims to accelerate Asia’s AI ecosystem by directing capital into the IPOs of high-growth AI-driven companies in the region to give investors early access to the sector. Since 2015, more than 13,000 AI-driven companies have been founded in Asia, DBS said, citing data from Crunchbase (figures as of 20 February 2026).

The fund marks Granite Asia’s first collaborate partnership of this kind.

“This partnership, the first of its kind for DBS with an asset manager, reflects our heritage as a development bank and our commitment to power Asia’s next generation of global category leaders,” Tan Su Shan, CEO of DBS, said. “It is a clear expression of our One Bank approach, where we bring together our wealth, institutional banking and global financial markets teams to serve clients seamlessly across their lifecycle.”

Granite Asia, which has $10 billion in assets under management and co-managed capital, has invested in 127 companies valued at over $1 billion and supported 65 IPOs worldwide.

To see DBS's recent financial results for 2025 and fourth quarter of last year, click here.