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Year Founded: 1974

AUM: $496.6B | Dry Powder: $593.9M

60B Orchard Road, #06-18 Tower 2 The Atrium at Orchard Singapore, 238891

Temasek Holdings is a sovereign wealth fund founded in 1974 and is based in Singapore. The firm prefers to invest in financial services, telecommunications, media, technology, consumer, real estate, transportation, industrials, life sciences, agribusiness, energy, and resources sectors

Key Contacts

  • Dilhan Pillay Sandrasegara
    Executive Director & Chief Executive Officer
  • Chia Hwee
    Deputy Chief Executive Officer
  • Chin Yee Png
    Chief Financial Officer

Investment Preferences

  • Preferred Industries
    Agriculture, Energy, Financial Services, Media, Other Materials, Services (Non-Financial), Software, Telecommunications Service Providers, Transportation
  • Geographical Preference
    Asia, Australia, Europe, New Zealand, North America
  • Preferred Deal Types
    Buyout/LBO, Early-Stage VC, GP Stakes, Later Stage VC, PE Growth/Expansion, Seed Round
  • Other Investment Preferences
    Invests in GP Stakes, Long-Term Investor, Prefers majority stake, Prefers minority stake, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

23S Capital
Vintage: 2022

Size: $676M

Dry Powder: N/A 

Details: The fund will target long-term investments in high-growth sectors in Brazil

EvolutionX Debt Capital
Vintage: 2021

Size: $500M

Dry Powder: $265.4M

Details: An Asia focused fund targeting the finserv, healthcare, education & industrial development sectors

ABC World Asia
Vintage: 2019

Size: $291.7M

Dry Powder: $33.6M

Details: The fund prefers ESG and impact investments in agriculture, cleantech, climate tech & agtech sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In March 2023, Amogy, an emission-free, energy-dense ammonia power solutions provider, secured $139 million of Series B venture funding in a deal led by SK Innovation. Temasek Holdings, Aramco Ventures, Korea Zinc and 6 other investors also participated in the round. The funds will be used to continue Amogy’s organizational development to support commercialization, start manufacturing innovative ammonia-to-energy technology.

In March 2023, SP Group, via its financial sponsor Temasek Holdings, acquired a portfolio of solar power farms with a combined capacity of 100MWp in Vietnam for an undisclosed amount. The portfolio comprises the Europlast Phu Yen solar plant, with a peak capacity of 50MWp, and the Thanh Long Phu Yen solar plant, with an installed capacity of 50MWp.

In August 2022, O2 Power, via its financial sponsors Temasek Holdings and EQT, acquired the 55MW Emmvee solar PV plant for an undisclosed amount.

In February 2022, Verdagy, a water electrolysis technology company, secured $25 million of Series A1 venture funding in a deal led by TDK Ventures. Temasek, Shell Ventures, and 4 other investors also participated in the round. The funding will enable Verdagy to scale-up its activities and further demonstrate green hydrogen electrolyzer technology.

In February 2022, SES AI Corp received $275 million of development capital from Applied Ventures, GM Ventures, Tianqi Lithium Industries, Hyundai Motor, Koch Strategic Platforms, Temasek Holdings and 10 other investors through a private placement. SES AI Corp is engaged in the development and initial production of high-performance Li-Metal rechargeable batteries for electric vehicles and other applications.

In January 2022, H2Pro, a developer of hydrogen production technology, raised $75 million of Series B venture funding from ArcelorMittal, Temasek Holdings and Horizons Ventures. Eight other investors also participated in this round. The funds will be used to accelerate their hydrogen production research.

In November 2021, General Fusion, a developer of an alternative power generation system, raised c. $132 million of Series E venture funding in a deal led by Temasek Holdings. Jameel Investment Management Company, Business Development Bank of Canada, Thistledown Capital, Norrsken VC, Presight Capital, Climate Capital, and 12 other investors also participated in the round. The funds will be allocated to technology development & research.

In October 2021, Sydrogen Energy was formed as a joint venture between Temasek Holdings and Nanofilm Technologies. With the deal, Temasek Holdings contributed an estimated S$120 million (S$50 million in cash and S$70 million in non-cash consideration) and holds 35%, whereas Nanofilm Technologies contributed an estimated S$21 million and holds 65% of the venture. The proceeds are intended to be used for research and development and the construction of production lines for the hydrogen energy business.

Other Details

Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 12 offices internationally, Temasek owns a net portfolio value of $297 billion. Temasek’s portfolio comprises listed and unlisted investments, other assets and liabilities. Temasek invested S$61 billion in 2022. It invests in financial services, telecommunications, media, technology, transportation, industrials, life sciences, consumer, real estate, energy and resources industries.

406 Ventures, 3i Group, ABC Impact, Accel, Adage Capital Management, ARCH Venture Partners, Baillie Gifford, Bain Capital, Bessemer Venture Partners, Calm Ventures, CAS Investment Management, Dayone Capital, EDBI, Fidelity International, Gaorong Capital, HBM Healthcare Investments, IDG Capital, J.P. Morgan, Kelso Private Equity, Lake Bleu Capital are some of the co-investors who invest alongside Temasek Holdings.

Source: Pitchbook, Company Website, Press Release