GIC

Deputy group CIO Bryan Yeo, 46, is expected to be promoted to the top investment role in April.

The company expects to cross US$3 billion revenue run-rate and be free cash flow positive in the fourth quarter ending January 31, 2025.

GIC is working with JPMorgan Chase & Co. to help advise on a strategic review of options including a sale of its 50% stake in India’s Greenko Energy Holdings, in what could be one of the biggest dispo

The Denver-based company, which is backed by Singaporean sovereign wealth fund GIC, is discussing a 2025 listing in which it could raise US$1 billion or more.

More than a third of GIC’s global portfolio is in the US, Lee said in a speech in New York on Wednesday.

Greenko has 7.5 gigawatts of net installed capacity across wind, solar and hydro power in 15 states in India.

GIC is buying the holding from Reworld’s owner, the investment firm EQT.

Also, Temasek sets aside $100 million as concessional capital for climate action; and GIC, Temasek back Brookfield in an emerging markets transition fund.

Returns from past investments “will probably disappoint what we underwrote”, says Jeffrey Jaensubhakij.

Other news: Economists upgrade Singapore's GDP forecast in 2024; EDBI invests undisclosed amount in digital wealth platform Arta.