Temasek Holdings Invests in IP Group
China-based Beijing Galaxy World Group Co. Ltd, a digital incubator and capital allocator, was an investor kicking in a US$ 30 million strategic investment in IP Group plc, a British developer of intellectual property-based business. Other investors that participated in the £207 million capital raise include Temasek Holdings, Australia’s Telstra Super Pty Ltd, M&G Investments and other previous investors such as Woodford Investment Management, Invesco Asset Management Limited and Lansdowne Partners. Invesco Asset Management Limited has a 25.4% ownership stake in IP Group.
IP Group specializes in commercializing intellectual property from the world’s universities and research institutions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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