Temasek is a Singaporean state-owned holding company supported by 13 offices around the world. As of March 31, 2022, Temasek's portfolio is worth S$403 billion (US$281 billion).
Affected by corporate bankruptcy risks, high interest rates, and macroeconomic uncertainties, fundraising for Asian private credit funds continues to cool. PitchBook data shows that only five Asian private credit funds completed fundraising in the first half of this year, raising a total of $1.2 billion, the lowest level for the same period in at least 12 years. During the same period in 2025, a total of 29 funds raised $9.5 billion. If the fundraising pace remains unchanged in the second half of the year, 2026 is set to become the quietest year for the Asian private credit market in at least 12 years.Over the past year, the collapse of multiple borrowing companies has led to large-scale redemptions by retail investors from private credit funds. However, some large institutions are still increasing their positions against the tide, hoping to capitalize on opportunities arising from the withdrawal of retail funds. For example, Singapore's Temasek has announced plans to increase its private credit allocation from 2% to 5% by 2031. (Financial Times)
According to CNBC reports, Temasek Global Head of Investments Nagi Hamiyeh said in an interview with CNBC that due to the massive losses previously incurred by the FTX crypto exchange, coupled with industry regulatory uncertainty, the company currently does not hold any direct cryptocurrency investments, and crypto investments are "still not under consideration".
FTX
: Singapore's state investment firm Temasek is steadily increasing its investments in artificial intelligence, with a scale of approximately $75 billion, drawing market attention to the role of "low-key sovereign capital becoming a key driver of the AI cycle." Unlike venture capital and tech investors who make high-profile bets on AI, Temasek has long adopted a more stable, diversified, and cycle-oriented investment strategy, rarely becoming the focus of market attention. However, during the current AI cycle, it has consistently expanded its allocation to infrastructure, computing power, and the AI application ecosystem. Analysts believe that compared to high-risk, high-exposure investment institutions, sovereign funds like Temasek are more likely to act as a "stabilizer" providing long-term capital supply for the AI industry, continuously delivering incremental capital amid cyclical fluctuations. (The Information)
Key
Sovereign
Strategy