TEMASEK HOLDINGS (PRIVATE) LTD

Temasek Holdings (Private) LTD is an investment company owned by the Government of Singapore, acting as a sovereign wealth fund. The company can trace its history back to its incorporation under the Singapore Companies Act in order to transfer and manage the assets previously held by the Singapore Government. The goal of Temasek Holdings’s creation was to be able to own and manage the investments on a more separate commercial basis in order to contribute to Singapore’s economic development through positively affecting key businesses in and around Singapore and allow the Ministry of Finance and Ministry of Trade and Industry to be able to focus on making policies. Temasek Holdings is not a government agency, although its sole shareholder is the Singapore Ministry of Finance. The company started off with an initial portfolio of over $250 million of various businesses held by the Singapore Government made out of a very diverse group of hotels, shoe makers, iron and steel mills, and even a bird park. The company has grown tremendously and, as of 2015, Temasek Holdings holds an estimated almost $200 billion in its portfolio with an emphasis in Singapore and Asia. The company has also expanded its physical presence with 10 offices located around the globe and has had a 16% total shareholder return since its inception, compounded annually. Temasek Holdings’s investment philosophy focuses on “Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions.” The company invests in a variety of industries including services; telecommunications, media and technology; transportation and industrials; life sciences, consumer and real estate; as well as energy and resources with holdings on the NYSE focused on the healthcare and services sectors. Temasek Holdings now has 16 established endowments focused on building communities and capabilities in Singapore and Asia, having directly impacted the lives of approximately a quarter million people.