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Jul 9, 2010
Co-invest with Temasek
<!-- by line -->By Fiona Chan
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Mr Israel told the media on Thursday that Temasek started planning for this in 2007, 'when we began thinking about the possibility of opening a platform for the Singapore public to co-invest with us'. -- PHOTO: AFP
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SOPHISTICATED investors - and eventually the public - who want to invest alongside Temasek Holdings will be able to do so through its new investment firm Seatown.
Seatown, which was set up last year, may admit institutional co-investors in three to five years and the public in eight to 10 years, said Temasek executive director Simon Israel. But he said it has not been decided how this might be done.
Mr Israel told the media on Thursday that Temasek started planning for this in 2007, 'when we began thinking about the possibility of opening a platform for the Singapore public to co-invest with us'.
Last year, Temasek chief executive Ho Ching mentioned these plans in public for the first time.
Temasek has seeded Seatown with over $4 billion in capital and structured co-investment rights that allow Temasek and Seatown to share in any investment opportunities that the other may have.
Seatown has also been set up with experienced executives both from within Temasek and externally, Mr Israel said. They include Mr Charles Ong as Seatown's chief executive officer and Ms Margaret Lui as chief operating officer.
Read the full report in Friday's edition of The Straits Times.
Co-invest with Temasek
<!-- by line -->By Fiona Chan
<!-- end by line -->
<!-- end left side bar -->
<!-- story content : start -->
SOPHISTICATED investors - and eventually the public - who want to invest alongside Temasek Holdings will be able to do so through its new investment firm Seatown.
Seatown, which was set up last year, may admit institutional co-investors in three to five years and the public in eight to 10 years, said Temasek executive director Simon Israel. But he said it has not been decided how this might be done.
Mr Israel told the media on Thursday that Temasek started planning for this in 2007, 'when we began thinking about the possibility of opening a platform for the Singapore public to co-invest with us'.
Last year, Temasek chief executive Ho Ching mentioned these plans in public for the first time.
Temasek has seeded Seatown with over $4 billion in capital and structured co-investment rights that allow Temasek and Seatown to share in any investment opportunities that the other may have.
Seatown has also been set up with experienced executives both from within Temasek and externally, Mr Israel said. They include Mr Charles Ong as Seatown's chief executive officer and Ms Margaret Lui as chief operating officer.
Read the full report in Friday's edition of The Straits Times.
