Temasek, Singapore’s state investment agency, has been in the news quite a bit this past few weeks. It opened an office in London, according to the FT, and plans another one New York later this year. It is targeting investments in global companies based in Europe, as well as smaller emerging innovative ventures.
The giant sovereign wealth fund, which manages USD 170 billion, also announced publicly a co-investment vehicle for institutional investors. Temasek has been investing in PE for over 20 years. Although billed as co-investment vehicle, the SWF Institute said that the new fund is simply the securitization of a pool of its existing private equity fund holdings.