Business
Singapore’s GIC pulls US$250 million from hedge fund Jain Global: sources
Singapore’s sovereign wealth fund GIC has pulled cash from Jain Global, roughly 18 months after backing one of the biggest startups in…
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GIC
Business
KKR, Singtel & GIC bid for Temasek-backed STT GDC
Should it go through, the deal would be one of Asia’s largest data-centre transactions Temasek-backed data-centre operator ST Telemedia…
Business
Why KKR, Singtel and GIC want Temasek-backed STT GDC
Should the deal go through, it would be one of Asia’s largest data centre transactions Temasek-backed data centre operator ST Telemedia…
Business
GIC, Mubadala said to be set to join KKR in US$10 billion STT Deal
Data centres are attracting a lot of investor interest, not least because of their role in the artificial intelligence boom and Mubadala…
Business
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Sony Group and Singapore’s GIC…
Business
Don’t meddle with GIC, Temasek’s mandates
But, more granular information about their performance could help foster trust among their stakeholders Several questions were raised in…
Business
GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources
A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations A majority stake in…
Business
Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the…
Business
Brookfield, GIC near binding offer for National Storage: sources
The parties are finalising details of a transaction that could be announced as soon as Monday Brookfield Asset Management and GIC are…
Business
GIC, Brookfield agree to S$3.4b deal for Sydney-listed National Storage
Singapore sovereign fund and the global alternative asset manager will pay A$2.86 per unit in cash Singapore’s GIC and Australia’s…
Business
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this…
Business
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand — Brookfield Asset Management and…
Business
SGX-Nasdaq dual-listing bridge may afford GIC, Temasek bigger role in revitalising local market
MAS says EQDP and the Anchor Fund @ 65 will support fundraising activity and trading liquidity on the new Global Listing Board As one…
Business
Boyu Capital considers bringing Tencent, GIC into Starbucks China deal
Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in…
Business
Indonesian sovereign wealth fund Danantara hires 2 executives from Singapore’s GIC
Indonesian sovereign wealth fund Danantara has hired two former GIC investment professionals to lead its global private market coverage,…
Business
Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year
Rainmakers at the top investment banks say they expect the flurry of takeovers to continue Deep-pocketed sovereign wealth funds are…
Business
Nio closes 2.7% higher after rebounding from plunge following GIC lawsuit
Morningstar says the lawsuit’s allegations are not expected to have material impact on the company’s operations Shares of Nio recovered on…
Business
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue Shares of Nio…
Business
Singapore’s GIC seeks redemption from Jefferies’ Point Bonita
Other investors seeking redemptions include BlackRock, Morgan Stanley’s asset-management arm and Texas Treasury Safekeeping Trust…
Business
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Business
Asia’s public markets must maintain performance and growth to drive inflows, GIC, Danantara executives say
Improving corporate governance help markets perform and allow for exits, so private equity performance can follow Strong public markets in…
Business
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US Brookfield Asset Management is in talks to acquire…
Business
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering…
Business
GIC in talks to invest in Goodman’s data centres: report
Singapore’s sovereign wealth fund GIC is considering a proposal to invest in data centre assets owned by Australian property firm Goodman…