Within this PFA segment, partnerships and funds with names like Brookfield, KKR and EQT constitute more than two-thirds of portfolio value, while asset management companies like Clifford Capital and Decarbonization Partners — a BlackRock joint venture — make up the remaining one-third.
Temasek Holdings’ partnerships, funds and asset management (PFA) companies — which are one of the investment firm’s three segments — made up 23% of its record $434 billion net portfolio value in FY2025, according to Temasek’s latest annual report released on July 9.
The PFA segment comprises Temasek’s investments in funds, partnerships with other investors and asset management companies.
