Temasek’s New $3.3 Billion Fund to Help Firms Expand, Go Public
- 65 Equity Partners to have teams in Singapore, Europe, U.S.
- Fund will invest in firms valued from $1 billion to $5 billion
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Singapore state-owned investor Temasek Holdings Pte has launched a new unit to target deals in businesses worth between $1 billion and $5 billion, in a bid to foster growth in companies at home and abroad across a range of industries.
Named 65 Equity Partners, the wholly owned asset manager plans to raise money from outside investors within three years, said Temasek International President Tan Chong Lee, who will lead the firm. It will have S$4.5 billion ($3.3 billion) in funds under management.