SINGAPORE – Singapore state-owned investor Temasek Holdings has set up a new investment vehicle that will initially target local businesses valued at $ 1 billion to $ 5 billion as Singapore seeks to increase investment in fast-growing companies.
With $ 4.5 billion in assets under management, 65 Equity Partners will primarily make equity investments in established companies with regional or global ambitions, both companies said in a joint statement on Wednesday (October 10).
“The platform will also have the flexibility to use funds on opportunities outside of Temasek’s core business, such as take-private situations or family business restructuring,” said Lee Theng Kiat, chairman of Temasek International, the wholly owned management and investment arm by Temasek Holdings.
65 Equity Partners, an independently managed and wholly-owned investment platform of Temasek Holdings, will target deals between $ 100 million and $ 200 million and expand into Southeast Asia, Europe and the United States after the initial phase.
It will invest in industries such as logistics, technology, healthcare, consumer, industrial and corporate services.
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The new entity currently manages a joint $ 1 billion fund with the Singapore government to develop regional businesses and a $ 1.5 billion co-investment fund with the government to provide late-stage private funding for initial public offerings the Singapore Exchange.
Temasek Holdings is one of the largest investors in the world and is anchored in Asia and a major investor in companies such as Singapore Airlines, DBS Group and Keppel Corp.
Temasek Holdings also has funds that offer venture capital to startups and invests in small and medium-sized companies, among others.
