GIC to raise long-term PE allocation

The Singaporean sovereign wealth fund is looking to increase its exposure to the asset class.

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Government of Singapore Investment Corporation revealed in its latest annual report that it sets the long-term target allocation to private equity to between 11 percent and 15 percent for its Policy Portfolio and GIC expects it to outperform its Reference Portfolio over a 20-year period.

The current private equity allocation is 9 percent, remaining the same as previous fiscal year.

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