Singapore's Temasek Launches Private Equity Fund Vehicle

Tom Burroughes

11 April 2014

Temasek, Singapore’s sovereign wealth fund that holds stakes in banks including
DBS, Standard Chartered and ICBC, announced this week it has launched Astrea II, a co-investment vehicle with broadly diversified holdings in 36 private equity funds.

Temasek is the single largest investor in Astrea II at 38 per cent, the organisation said in a statement on its website.

“Astrea II is the latest of Temasek's continuing efforts to develop co-investment platforms where diversified portfolios of assets can be made available to a broader base of investors, including retail investors in the long term,” the statement said.

Temasek had earlier sponsored Astrea I in 2006 with a portfolio of selected Temasek interests in high quality private equity funds. Astrea I was intended as the first of a series of private equity co-investment platforms.

Mr Sandrasegara added, “Launching Astrea I in 2006 gave us an opportunity to start exploring how to broaden our co-investor base, starting with long term institutional investors. With the world recovering from the troughs of the global financial crisis, we assessed that it was timely for the next Astrea co-investment product, and are now very pleased to have six high quality and like-minded long term institutional co-investors with us in the Astrea II portfolio."