Temasek’s SeaTown seeks global opportunities for $1b private capital fund

Marina Bay Financial Centre, Singapore. Photo: Joshua Ang/unsplash

Temasek-backed investment firm SeaTown Holdings has set up a $1-billion private capital fund to invest in growth-stage opportunities globally, a senior executive told DealStreetAsia. The Singapore state investor is the sole LP in the fund.

According to Eddie Ong, SeaTown’s deputy chief investment officer and managing director for private investments, SeaTown Private Capital Fund began deploying in January this year and has made five investments to date, comprising one-quarter of its corpus.

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