Sovereign wealth fund posts best performance since 2015 amid cautious optimism

Singapore sovereign wealth fund, GIC, one of the most sophisticated institutional investors, continues to increase it’s allocation to private market asset classes. GIC are one of my favorite investors to track, and their investment activities in the energy transition and sustainable industry development themes continues, as per the quote from GIC CEO Lim Chow Kiat in the article! Looking forward to finding more ways for collaboration!
#singapore #sovereignwealthfunds #alternativeassets #institutionalinvestors #privateequity #returns #energytransition #decarbonization #sustainabilty

“Singapore’s sovereign wealth fund GIC is leaning more heavily on private markets to sustain returns, as it posted its best performance since 2015 during its last fiscal year. The fund, just like its Singapore peer Temasek, has been reaping the benefits of a rebound within broader equity markets. Earlier this month, state investor Temasek reported an annual return of 24.5% for the year ended March 31, a significant recovery from the minus 2.28% seen in the preceding year and its best performance in a decade. Its net portfolio value rose almost 25% to a record 381 billion Singapore dollars ($283 billion), up from SG$306 billion in its previous report. Both investors, while active in public markets, are increasingly eyeing the realm of private equity — which covers the domain of fast-rising technology companies — as a vehicle for generating returns. GIC increased the proportion of its exposure in private equity from 13% to 15% in its latest report, while decreasing the ratio of its hold on nominal bonds and cash from 44% to 39%, although those still took the lion’s share of the portfolio.”

https://asia.nikkei.com/Business/Finance/Singapore-s-GIC-leans-more-on-private-markets-as-returns-rise