Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into Singapore-based enterprises, through its wholly owned subsidiary Heliconia Capital Management.
According to its announcement, Temasek will seed up to S$250 million ($191 million) into the first phase of the Heliconia program, to be matched with an equal amount of private capital. Up to 40% of this...
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