Temasek Makes 65 Equity Partners to Catalyze Local Stock Market and Encourage Liquidity

Posted on 09/14/2021

The Singaporean government is keen on growing the city-state’s financial clout globally. Singapore has embraced banking, then the asset management community, fintech, blockchain, and now wants a deeper and more liquid capital markets industry. Temasek Holdings created 65 Equity Partners Holdings Pte. Ltd. in January 11, 2021. 65 Equity Partners Holdings formed a fund that will be at least S$ 1 billion in assets and will invest in Singapore and regional mid-cap firms, including initial public offerings. The Independence of Singapore Agreement 1965 was an agreement between the Government of Malaysia and the Government of Singapore on 7 August 1965 that granted independence to Singapore.

Temasek already runs a number of sovereign wealth enterprises to fill in gaps such as Heliconia Capital and Clifford Capital.

On a separate front, Singapore’s GIC Private Limited and Temasek have been prodded to use Singapore’s new framework for blank-check companies to encourage or facilitate the listing of tech firms in their portfolios.

Singapore Exchange Ltd. (SGX), like many city-state stock exchanges, have smaller listings and lower levels of liquidity compared to London, Hong Kong, and New York. Singapore Exchange revealed rules for the listing of special purpose acquisition companies (SPACs) to get a piece of the action.

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