Government Investment Corp (GIC)


GIC, Tencent in talks to form consortium for Universal Music Group stake

(Nov 18): Tencent Holdings is in talks with potential co-investors for its proposed bid for a minority stake in Universal Music Group from Vivendi SA, according to people with knowledge of the matter.


KKR and GIC buy 42.5% stake in Philippines' top hospital chain

(Oct 15): Philippines' Metro Pacific Investments Corp said on Tuesday it is selling a 42.5% stake in the country's largest hospital chain for 35.3 billion pesos ($937.6 million) to a consortium comprising private equity firm KKR & Co and an affil

Startups, Entrepreneurs, Digital economy

Indonesia online mall valued at US$2.5 bil after landing investment from including GIC

(Oct 4): PT raised capital from investors including Indonesian media giant Emtek and South Korea’s Shinhan Financial Group Co., a round of funding that valued the online marketplace at more than US$2.5 billion ($3.4 billion).

Sovereign wealth funds

Budweiser owes Singapore's wealth fund a drink

(Sept 24): The world’s biggest brewer should raise a glass to Singapore. Anheuser-Busch InBev NV can probably thank the city-state’s sovereign wealth fund for saving its Asian unit’s Hong Kong initial public offering from an ignominious second failu

Singapore's GIC leads US$500 mil investment in Vingroup unit

(Sept 9): A consortium led by GIC and Vingroup JSC has paid US$500 million ($690 million) for a minority stake in a retail unit of Vingroup, according to a statement from the Singapore sovereign wealth fund Monday.

Sovereign wealth funds

Singapore's GIC nears deal for stake in Oxford Fairmont hotels

(Sept 5): Singapore’s sovereign wealth fund, GIC, is nearing a deal to buy a majority stake in Oxford Properties Group’s Fairmont portfolio, which consists of four of Canada’s most iconic hotels, according to people familiar with the matter.


GIC and co-investors complete acquisition of Press Ganey Associates

SINGAPORE (July 29): The acquisition of Press Ganey Associates by a consortium of investors which included GIC, Singapore’s sovereign wealth fund, was completed on Friday.

Startups, Entrepreneurs, Digital economy

Trax gets US$100 mil funding, becomes Singapore's second unicorn

SINGAPORE (July 23): Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has raised US$100 million ($136 million) in its latest funding round, becoming Singapore's second

Singapore economy

China's Centurium Capital raises over $2.7 bil from GIC, Temasek, others

HONG KONG (July 3): China's Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2 billion ($2.7 billion) in its debut fund, giving the private equity firm more firepower to cut deals involving the world&#

Startups, Entrepreneurs, Digital economy

Singapore startup Trax is raising funds at $1.1 billion value

SINGAPORE (May 27): Trax, a Singapore-based startup serving the retail industry, is finalising a deal to raise US$100 million ($137 million) at a pre-money valuation of about US$1.1 billion, a price tag that could make it the second most valuable startup