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Singapore Sovereign Wealth Fund
Singapore economy
GIC emphasises resilience of long-term real returns amidst challenging market conditions
Over the 20-year period ended March 31, GIC’s portfolio achieved an annualised real rate of return of 4.6%.
July 27, 2023
M&A
CVC and GIC said to be among firms eyeing stake in Euroclear
(July 22): Buyout firm CVC Capital Partners and Singapore’s sovereign wealth fund GIC are among firms considering bids for a stake in the US$6.4 billion ($8.7 billion) European settlements giant Euroclear, according to people familiar with the matter.
July 22, 2019
Disruption and Digitalisation
South Korean firm Yanolja that reinvented love hotels gets GIC, Booking funding
(June 11): Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than US$1 billion ($1.4 billion) from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chie
June 11, 2019
GIC, Blackstone, Cindat said to bid for LendLease senior housing
SINGAPORE (June 21): Singapore sovereign wealth fund, GIC Blackstone Group LP and China’s Cindat Capital Management are among bidders for a 50% stake in LendLease Group’s Australia senior housing business, which could fetch about A$1 billion ($757 mil
June 21, 2017
GIC invests $370 mil in Indonesia cinema operator
SINGAPORE (Dec 5): Singapore sovereign wealth fund GIC has announced it is investing 3.5 trillion Indonesian rupiah ($370 million) in Indonesia cinema operator PT Nusantara Sejahtera Raya (NSR).
December 05, 2016
GIC targets Aussie retirement village following US acquisition
SINGAPORE (Sept 19): Singapore’s GIC is looking to add Aussie retirement village owner, National Lifestyle Villages (NLV) to its portfolio, according to an online report by Australia Financial Review.
September 19, 2016