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Temasek takes a step closer to retail bonds with private equity fund portfolio

Published on Apr 9, 2014 3:54 PM

Temasek Holdings said on Wednesday that it is working towards offering bonds to retail investors, and announced a new vehicle for investments in private equity funds that institutions - and eventually individual investors - can put money in.

Temasek president Lee Theng Kiat noted in a statement: "One of Temasek's long held aspirations is to have long-term minded retail investors, especially retail investors in Singapore, co-invest alongside us."

Mr Lee added that the Singapore investment firm is hoping to start by offering Temasek bonds to retail investors "when there is a suitable opportunity to do so", and "phase in higher risk/return investment opportunities at a later stage".

On Wednesday, Temasek said it has launched a co-investment vehicle with broadly diversified holdings in 36 private equity funds. Temasek is the single-largest investor in this portfolio known as Astrea II, holding a 38 per cent share.

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