Temasek and GIC, who are Singapore’s two state-backed investors, collectively accounted for 60% of the $23bn in cross-border deals by the world’s sovereign wealth funds (SWFs) in the first half of 2014 as they took risks in sectors overlooked by their competitors. Here is a summary of what these two titans in the SWF space have done:

  • 61 direct investments abroad;
  • Total investment value of nearly $14bn; and
  • Focused on consumer industries and emerging market technology – including e-commerce and business services.

Temasek and GIC, respectively the world’s 6th and 9th largest state investors by assets under management (AUM), also accounted for approximately 60% of all SWF transactions by number of deals.

One word – Leaders!

Source: Quarterly Survey by the Sovereign Wealth Centre