GIC

GIC has announced the purchase of a 25% stake in Reworld Waste, a leader in sustainable waste solutions. This increased investment in #Reworld reflects the significant potential for more sustainable alternatives to waste disposal, an essential service for all communities. Manning Doherty, Head of Infrastructure, Americas at #GIC, remarked: “As an existing co-investor in Reworld, GIC has been proud to partner with EQT to support the company’s transformation over the past three years. Today, Reworld is positioned for significant growth and this capital will help the business meet a growing demand for zero-waste-to-landfill solutions. We look forward to driving significant value through our continued partnership with the Company’s expert management team, and our long-standing partner EQT.” Read more: https://lnkd.in/esuRcfWP

GIC has announced the formation of a more than US$15 billion joint venture with Equinix and CPP Investments | Investissements RPC to help address a rising demand for digital infrastructure in the US, supporting advancements in AI and cloud innovation. Chin Kiong Goh, Chief Investment Officer, Real Estate at GIC, said: “We are proud to expand our years-long partnership with Equinix, addressing a massive and growing demand for digital infrastructure, driven by the rapid advancement of technology, including AI. GIC’s capital and scale, paired with Equinix’s operational expertise, has driven meaningful value across our investments together. Through this joint venture, we look forward to providing the funding needed to develop state-of-the-art digital infrastructure across the U.S. alongside our likeminded partner, CPP Investments.” Read more: https://lnkd.in/ehKKfp7W

GIC today announced it will make an investment in Techem Energy Services GmbH, a leading provider of digital energy services, alongside TPG Rise. Techem has built one of the largest digital energy services platforms in the industry across 18 countries and services more than 13 million dwellings. Following the investment, Techem will continue to expand and grow its leading position as a platform for decarbonising and digitising the building sector. Eng Seng Ang, Chief Investment Officer, Infrastructure at GIC, said: "Techem is a well-established energy service provider with a proven track record. Sub-metering is becoming increasingly prevalent in Continental Europe as consumers and regulators focus on energy efficiency. We look forward to supporting the company’s continued growth, alongside TPG and management.” Read more: https://lnkd.in/edWWSK8e #GIC #GICSG #Singapore #finance #investing #longterm

At GIC, we are always on the lookout for talented professionals to join our Corporate Services team. As a global leader amongst institutional investors, we offer unparalleled growth opportunities and the chance to collaborate with industry experts. We highly value our employees and strive to provide a supportive environment that fosters success. By joining our Corporate Services team, you will play a crucial role in shaping the future of global finance. Explore the exciting opportunities available with GIC's Corporate Services team and join us to make a significant impact. Corporate Administration & Infrastructure Department: https://lnkd.in/g2hzx93b Corporate Affairs & Communication: https://lnkd.in/gKQjFuJu Finance Department: https://lnkd.in/g5Dj5yxW Legal & Compliance Department: https://lnkd.in/gK5YjEqg Human Resources & Organization: https://lnkd.in/gPy8veF6 Investment Services Private Markets: https://lnkd.in/gfqjvSU5 Investment Services Public Markets: https://lnkd.in/gPxm6E4d Work at the Point of Impact #GIC #Finance #Investing #WorkatthePointofImpact

As a diversified, long-term investor, GIC has been investing in Japan for over 30 years across all asset classes. At the recent Bank of America 2024 Japan Conference, Mark Ong, GIC Chief Investment Officer for Public Equities, shared his perspective on opportunities in the Japanese equities market, its progress in corporate reform, and the potential increase in profitability for corporate Japan.   Mark was joined by Hiroshi Yoh of Nikko Asset Management Group and Edward Paulsson of Three Crowns Capital in a panel moderated by Joseph B Lee, CFA of BofA. #GIC #GICSG #Japan #finance #investing #longterm #equities

Rothesay, the UK's largest pensions insurance specialist, today published its H1 2024 Trading Update where it announced that it now secures the pension policies of over one million people with total assets under management of £68.5bn. GIC has been an investor in Rothesay for over ten years and has now reinvested the interim dividend paid by Rothesay in 2023 into the business, taking GIC’s ownership to slightly over 50%. Alongside MassMutual, Rothesay’s other shareholder who GIC has partnered with in the growth of the business for over a decade, we will continue to provide Rothesay with exceptional long-term support.   Commenting on the news, Yong Cheen Choo, Chief Investment Officer of Private Equity, GIC said: “Rothesay has gone from strength to strength since GIC’s first investment in Rothesay more than ten years ago. The business is already an industry leader in the pension insurance market, securing the pension policies of over one million people. With its best-in-class underwriting, asset management, and risk management capabilities, Rothesay is well placed to seize the significant opportunity ahead in the pension risk transfer market. This additional investment by GIC positions Rothesay to capitalise on that opportunity and I look forward to continuing our longstanding partnership with the management team and MassMutual.”

GIC today announces that Mr Gan Kim Yong will be appointed to the GIC Board with effect from 1 October 2024. Read more via our newsroom: https://lnkd.in/gGSyNJjg #GIC #GICsg #Singapore #Finance

We hosted our third #CODETOIMPACT Hackathon in Singapore on 7-8 September 2024, where 67 participants were challenged to apply their coding skills to tackle a real-world business problem. Over the 24-hour event, they received invaluable mentorship from GIC technologists, gaining hands-on experience in the dynamic world of technology. Congratulations to the winning teams! Missed our #CODETOIMPACT 2024 hackathon? You can still apply to our GIC Internship and Professionals Programmes. Application deadline: 31 October 2024.   https://lnkd.in/dUfhnGAD   #GIC #Finance #Technology #WorkatthePointofImpact

GIC is delighted to announce its minority investment in Vauban Infrastructure Fibre, France's largest independent digital infrastructure platform. The investment will take the form of a capital increase alongside VIF’s existing shareholders, Vauban Infrastructure PartnersPartners and Crédit Agricole Assurances. It will enable VIF to realise investments in digital infrastructure in France, in support of the business’ long-term growth. Eng Seng Ang, Chief Investment Officer, Infrastructure at GIC, said: " We are pleased to invest in Vauban Infrastructure Fibre, one of the leading independent fibre platforms in France, alongside VIP and CAA. The French Fibre to the Home sector is an attractive market for investment, with advanced levels of roll out and take up. The long-term nature of VIF’s contracts aligns well with GIC’s investment horizon. We are confident that VIF is well-positioned to capitalise on the increasing demand for digital infrastructure and growth opportunities ahead.” George Kay, Head of Infrastructure, Europe at GIC, remarked: “Over the years, Vauban have stewarded VIF to become the business it is today. We are excited to work with them, the management team and CAA for the next phase of VIF’s growth, which starts with these two new digital infrastructure transactions.” Read more: https://lnkd.in/esQAsasj #GIC #GICSG #Singapore #finance #investing #longterm

With climate change intensifying extreme weather events, assessing the financial impact of physical risks on assets has become ever more challenging. In a new report, GIC and S&P Global Sustainable1 present a framework to improve climate risk assessments for investors. The framework incorporates adaptation measures to provide a more holistic evaluation of physical risks for global real estate investment trust (REIT) properties.   Rather than solely highlighting downside risks, the framework emphasises the importance of incorporating adaptation solutions into risk assessments to better reflect operating realities on the ground. The report also finds heat and floodproofing adaptation measures for non-residential real estate may present a US$726 billion revenue opportunity for such solution providers globally through 2050.   The report was co-authored by De Rui Wong, Senior Vice President, Sustainability Office; Keebum Kim, Assistant Vice President, Sustainability Office; and our counterparts at S&P Global Sustainable1.   Read the full report on #GICThinkSpace: https://lnkd.in/g8qsAwB6 #GIC #GICSG #Singapore #finance #investing #longterm #sustainability