GIC

GIC said to pledge US$100 mil to ex-employee's hedge fund

SINGAPORE (June 13): GIC has committed up to US$100 million ($138 million) to a hedge fund started by David Mercurio, a former employee who worked at the Singaporean wealth fund for a decade, according to people familiar with the matter.

GIC-backed games startup aims for Vietnam's first IPO abroad

(May 30): Communist-led Vietnam may soon have its first technology company go public in the US.

GIC sells stake in Swiss dental implant maker Straumann

SINGAPORE (May 17): Singapore sovereign wealth fund GIC has sold its roughly 3.4% stake in Straumann, the Swiss dental implant maker said on Wednesday.

Disappointed with UBS loss, Singapore's GIC fund cuts stake

(May 15): UBS Group AG’s largest shareholder, Singapore’s sovereign fund GIC, is slashing its ownership in the Swiss bank by offering a 2.4% stake worth about US$1.6 billion ($2.2 billion).

In print this week

A study of Centurion’s business expansion

SINGAPORE (April 28): As GIC and Temasek Holdings make headlines for increasing their investments in international student accommodation, one local company has been steadily assembling its own student housing portfolio.

Global Markets

'Recession-proof' student housing attracts Singapore investors

SINGAPORE (April 20): GIC and Mapletree Investments are going back to school.

GIC led first quarter sovereign investor deals

LONDON (April 11): Singapore's US$344 billion ($483 billion) GIC-led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter.

GIC in joint venture to own, develop mixed-use complex in Jakarta

SINGAPORE (April 3): Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.

M&A

GIC in talks to buy stake in US clinical trials firm: sources

NEW YORK (March 29): The two buyout firms that own Pharmaceutical Product Development (PPD) are in advanced talks to sell minority stakes in the US clinical trials firm to investors that include Singapore's sovereign wealth fund GIC and Abu Dhabi Inve

GIC in joint acquisition of 3 US student housing portfolios for US$1.6 bil

SINGAPORE (March 18): GIC, Canada Pension Plan Investment Board (CPPIB), and The Scion Group announced on Thursday that their student housing joint venture entity, Scion Student Communities LP, has acquired three US student housing portfolios for US$1.6 b
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