Singapore’s Temasek Forms $7.5 Billion Private Debt Platform
- Joins big investors like BlackRock betting on private credit
- Team of 15 will manage platform from cities around the world
This article is for subscribers only.
Singapore state investor Temasek Holdings Pte has set up a private credit platform with an initial portfolio of about S$10 billion ($7.5 billion) in a bid to seize more opportunities in the burgeoning asset class.
The portfolio will consist of direct investments and credit funds, Temasek said in a statement Friday. The wholly owned platform will be managed by a team of around 15 in New York, London and Singapore transferred from Temasek’s Credit & Hybrid Solutions team.