Singapore’s Temasek Shakes Up Top Management Team
Among other changes, Tan Chong Lee, currently the
group’s president, will be transferred to 65 Equity Partners as CEO.
Among other changes, Tan Chong Lee, currently the
group’s president, will be transferred to 65 Equity Partners as CEO.
65 Equity Partners will help prepare ShopBack for a
potential initial public offering.
Innovafeed will use the funds to expand a vertical
insect farm in France and accelerate its international expansion, notably in
the U.S.
Pentagreen Capital
will be led by Marat Zapparov.
Akili
will use proceeds for its treatment for ADHD.
The investment groups have formed a new vehicle called
23S Capital.
Unlisted assets now comprise 52% of Temasek’s portfolio – a substantial increase from 27% a decade ago.
Some investors, including Temasek and PIMCO, are
seeing value in U.S. Treasuries.
Firm
taps more than 100 institutional investors to blow past hard cap.
Market could be worth $1T by 2050, according to some
projections.