How Singapore’s Wealth Fund Invests in Tech Companies
- Aim is to have ‘lifetime relationship’ with companies
- GIC has invested several billions in tech cos. in recent years
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Singapore’s sovereign wealth fund GIC Pte spoke to Bloomberg News about its technology investment strategy. Here are edited excerpts from the interview on Tuesday with Chief Executive Officer Lim Chow Kiat and head of the company’s technology investment group, Jeremy Kranz.
KRANZ: Our objective is to have lifetime relationships with the most important companies that are emerging in every business cycle.