Welcome!
GIC
Sovereign wealth funds
GIC posts best performance since 2015 despite pandemic year
This signals higher potential contributions to Singapore’s coffers as the projected budget deficit hits $11 billion.
July 23, 2021
Cryptocurrency
GIC invests $93 mil in Hong Kong digital asset company BC Group
Post-completion, GIC will have a 7.6% stake in BC Group, the parent company of crypto platform OSL.
June 11, 2021
Company in the news
Singapore firm Esco Lifesciences closes US$200 mil Series A round with Novo, GIC among backers
The fundraising saw the company attain a valuation of US$800 mil, according to sources.
May 27, 2021
REITs
With assets Down Under in demand, MLT plans up to $1 billion in acquisitions despite missing out
Logistics assets in Australia are much in demand given the competition for the portfolio acquired by ESR and GIC
April 23, 2021
Company in the news
Sequoia, GIC invest in TPG’s Novotech at US$2.3 bil valuation
The Sydney-based firm has increased revenues by more than 30% a year under TPG’s ownership since 2017.
February 02, 2021
Company in the news
GIC, Siemens, Fidelity Management and Mubadala invest a combined US$720 mil in ThoughtWorks
According to ThoughtWorks, the proceeds will be used to repurchase equity from existing investors.
January 15, 2021
IPO
Shanghai and Hong Kong exchanges suspend Ant Group's US$37 bil dual IPO
This IPO, raising US$37 billion, is the world's largest
November 03, 2020
Finance
Hedge fund investor Dalio sends US$25 mil to start Sustainable Market Principles Program at WMI
Dalio's principles can be applied to policy-making and not just investing, says WMI CEO Foo Mee Har
October 21, 2020
Property
Yanlord and GIC to co-invest up to $1.38 billion in China residential projects
The co-operation will last seven years with an option to extend by another two years
August 04, 2020
Funds
Singapore nudges Temasek, GIC to see what more they can disclose
Income from national reserves and investments managed by GIC, Temasek and the Monetary Authority of Singapore is one of the largest contributors to government revenue.
March 01, 2020