July 25, 2016 8:02 AM ET

Capital Markets

Company Overview of GIC Pte. Ltd.

Company Overview

GIC Pte. Ltd., formerly known as Government of Singapore Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of Singapore. The firm manages foreign exchange reserves of the Government of Singapore. It invests in the unlisted public and private equity with a focus on health care, financial and business services as well as natural resources, real estate, fixed income, and alternative markets including foreign exchange, commodity, and money markets across the globe. The firm seeks to invest in the technology sector in China. The firm invests through its subsidiaries GIC Asset Management Pte Ltd., GIC Real Estate Pte Ltd., and GIC Special Investments Pte Ltd. Government...

168 Robinson Road

Suite 37-01

Capital Tower

Singapore,  068912


Founded in 1981


65 6889 8888


65 6889 8722

Key Executives for GIC Pte. Ltd.

Group President and Chairman
Age: 69
Head of Real Estate and President
Deputy Group Chief Investment Officer and President, Public Markets
Age: 49
Deputy Group President, Group Chief Investment Officer, Managing Director, and Group Executive Committee Co-Chair
Age: 46
Chief Risk Officer
Age: 54
Compensation as of Fiscal Year 2016.

GIC Pte. Ltd. Key Developments

DLF Reportedly Shortlists Potential Buyers For Stake In Rental Arm

DLF Limited (NSEI:DLF) has shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers Ltd., two people aware of the development said. DLF had invited expressions of interest and received 11offers over the past few weeks. It has now shortlisted GIC Pte. Ltd., The Blackstone Group L.P. (NYSE:BX), Warburg Pincus LLC, Brookfield Asset Management Inc. (TSX:BAM.A), a consortium of Abu Dhabi Investment Authority, Kotak Realty Funds Group and Qatar Investment Authority (QIA), and another fund whose name could not be ascertained, said one of the persons, who did not wish to be identified.

TPG Capital Reportedly Seeks To Close Acquisition Of ICICI Home Finance

TPG Capital (Australia) Pty Ltd has partnered with three of its limited partners, Temasek Holdings (Private) Limited, HarbourVest Partners L.P. and GIC Pte. Ltd. to close its acquisition of ICICI Home Finance Company Limited for as much as $320 million, according to two people briefed on the matter.

GIC Reportedly In Talks To Buy Yes

GIC Pte. Ltd. is in talks to buy Yes Communities, Inc. in a $2 billion deal, according to people familiar with the matter. GIC is in talks to buy Yes from Stockbridge Capital Group, LLC, the people said. The deal has not been finalized, and the talks could still break down, the people said. If completed, the deal would highlight the appeal of manufactured housing, a niche residential real-estate business that has been stigmatized to an extreme, according to some investors by its association with trailer parks. If GIC’s purchase of Yes goes through at the price being negotiated, GIC would get an initial yield from the company of slightly more than 6%, people familiar with the matter said. Gary McDaniel, Chief Executive of Yes, declined to comment. Executives with GIC and Stockbridge didn’t return calls seeking comment.

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