Latest News for: Singapore wealth fund

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GIC-backed Bank Jago races to upend mobile banking in Indonesia

Straits Times 05 Mar 2021
The lender, which received fresh capital from ride-hailing and payments giant Gojek and Singapore sovereign wealth fund GIC, will then embed its services on Gojek's platform this year, president director Kharim Siregar and commissioner Anika Faisal said in a joint interview from Jakarta.
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Despite Pledge to Change After Rider’s Death, It’s Business as Usual at Lalamove

Caixin Online 05 Mar 2021
China was rocked by the death of the 23-year-old, surnamed Che, who apparently fell from the van’s window in Central China’s Changsha after an argument with the driver ... Its competitor, Didi Chuxing’s cargo offering Didi Freight, just finished a $1.5 billion funding round from investors like Singapore’s sovereign wealth fund Temasek Holdings ... .
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Singapore's GIC cashes in on Taiwan stock boom: Sources

Hindustan Times 04 Mar 2021
Singapore's sovereign wealth fund GIC sold Taiwan stocks last week, cashing in on the island's booming bourse, three sources with direct knowledge of the situation told Reuters ... One source said that sovereign wealth funds have been viewing Taiwan stocks like an "ATM" during the ...
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Court gives PIL rescue plan the green light

Splash24/7 04 Mar 2021
... key step towards the “successful recalibration” of PIL’s capital structure, giving investor, Heliconia Capital Management, part of Singapore’s sovereign wealth fund, a clearer path to come onboard.
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CAE to buy L3Harris military training business for US$1.05 billion

Moosejaw Today 01 Mar 2021
MONTREAL — CAE Inc ... To help pay for the deal, CAE will raise C$700 million in an agreement with Caisse de depot et placement du Quebec and GIC Private Ltd., a sovereign wealth fund based in Singapore ... .
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Klarna confirms new $31B valuation

Crunch 01 Mar 2021
It also counts Dragoneer, Bestseller Group, Permira, Visa, Atomico, Ant Group, Commonwealth Bank of Australia, Silver Lake, HMI Capital, TCV, Northzone, GIC (Singapore’s sovereign wealth fund) and funds and accounts managed by BlackRock as investors.
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CAE to buy L3Harris military training business for US$1.05B

Ottawa Business Journal 01 Mar 2021
CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion ... To help pay for the L3Harris deal, CAE will raise C$700 million in an agreement with Caisse de depot et placement du Quebec and GIC Private Ltd., a sovereign wealth fund based in Singapore ... View Comments ... ....
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LoanCore Capital Announces Management Changes

Finger Lakes Times 01 Mar 2021
LoanCore is a privately held asset management firm focused on commercial real estate finance that manages LoanCore Capital Credit REIT and LoanCore Capital Markets for its capital partners, GIC, Singapore's sovereign wealth fund and Canada Pension Plan Investment Board (CPP Investments).
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Switzerland ‘losing global clout’, warns ex-central banker

Swissinfo 28 Feb 2021
In an interview with the NZZ am Sonntag newspaper, Hildebrand suggested that Switzerland could emulate Singapore, which exerts considerable muscle via the global investments of its sovereign wealth fund.
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Anchorage Successful in Raising $80 Million in Series C Funding

Crypto Economy 27 Feb 2021
Anchorage raised $80 million in the recent Series C funding led by GIC, with a16z, Blockchain Capital, Lux, and Indico ... Series A and Series B fundings. They participated with GIC, Singapore’s sovereign wealth fund, in the latest fundraising that resulted in an $80 million funding.
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Budget debate: Singapore must protect reserves, not in national interest to reveal its size, says ...

Straits Times 26 Feb 2021
The other two are to serve as an endowment fund, providing a key stream of revenue to ... Singapore's past reserves comprise assets invested by its central bank, the Monetary Authority of Singapore (MAS), as well as state investor Temasek Holdings and sovereign wealth fund GIC.
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Anchorage raises $80 million in series C round

AMB Crypto 26 Feb 2021
... which was led by GIC, Singapore’s sovereign wealth fund.
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GIC to buy 9% of Indonesia's Bank Jago to tap digital banking business

Straits Times 26 Feb 2021
JAKARTA - Singapore sovereign wealth fund GIC will purchase a stake in Bank Jago, a publicly listed Indonesian lender that is set to become the first fully digital bank in South-east Asia's largest economy, a rights issue prospectus shows ... Wealth Track is owned by Mr Patrick ...

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