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GIC Pte Ltd.
Property
GIC seeks Japan property deals as Yen falls and tourists return
Hotels, resorts and ryokan in key cities including Tokyo and Okinawa are among the types of properties being evaluated
September 30, 2022
Sovereign wealth funds
Expect lower returns as 60/40 portfolio no longer works, says GIC
The model 60/40 portfolio may eke out real returns after inflation of just 1%-2%, says GIC CEO Lim Chow Kiat.
March 11, 2021
Sustainability
GIC invests US$200 mil in Sinopec Green
The venture, known as Sinopec Green Energy Geothermal Development Co, is considering an IPO in China or Hong Kong as soon as 2021.
December 15, 2020
Singapore economy
Singapore GIC chief warns 'divisive trends' to stay for years
CEO Lim identified this “great dispersion” as a force that needs assessing in order to re-imagine the future.
October 12, 2020
Fintech
GIC leads RazorPay's Series D funding, raises US$100 mil
The funding round values the Bangalore, India-based payment processing company at “a little more than US$1 billion," says its CEO.
October 12, 2020
Company in the news
GIC, TPG to invest US$1 bil in Mukesh Ambani's retail unit
GIC will spend 55.1 billion rupees ($1.02 billion) for a 1.22% stake in Reliance Retail Ventures Ltd.
October 05, 2020
IPO
Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil
The price translates to a price-to-earnings multiple of 31.12x.
September 24, 2020