GIC Private Limited related stories
All articles and analysis
GIC hoards cash as alternatives allocation nudges upThe Government of Singapore Investment Corporation has stockpiled cash during the year to 31 March as it awaits better investing conditions. Adopting a cautious outlook, the sovereign wealth fund nonetheless increased its allocation to alternative assets by 1 percent.
- GIC and KIA buy into CVC management vehicle
Two sovereign wealth funds, GIC and KIA, and a third unnamed fund have acquired a 10% stake in CVC Capital Partners in a deal which will see them given preferential access to deals as well as a share of management fees and carried interest.
- Jim Schiro named to CVC advisory board
Former PricewaterhouseCoopers CEO Jim Schiro has been appointed to CVC's advisory board as the firm sets out to deploy $6bn in uninvested capital.
- CVC buys insurance giant from Stone Point
The firm will purchase insurance services company Cunningham Lindsey in a deal valued at between $900m and $1bn.
- GIC gears up for first major secondary sale
The sovereign wealth fund is using the secondary market for its first-ever intermediated sale of private equity stakes as it works to trim down the size of its portfolio. UBS is running the process.
- GIC joins Avolon PE team with $300m investment
Sovereign wealth fund GIC has reportedly invested $300m in an aircraft leasing company owned by Cinven, CVC and Oak Hill.
- EQT prepares next exit after €4.75bn fund close
As the firm toasts one of the biggest European final fund closes since the collapse of Lehman Brothers, EQT is hard at work planning its next exit: the sale of Danish business KMD.
- TPG buys into Danish bank
US buyout group TPG Capital has backed Nordic lender Saxo Bank, investing $560m in equity for a 30% stake, and providing an exit for private equity peer General Atlantic.
- Sovereign wealth funds back ArcLight gas project
The energy investor has teamed up with sovereign wealth funds CIC and GIC to invest in Enogex, an ArcLight joint venture with OGE Energy Corporation.
- GIC appoints chairmen
Three weeks after appointing heads for its private equity and real estate businesses, GIC has appointed Ang Kong Hua and Lim Hng Kiang as acting chairmen of the two business units.