&sq=&lang=&file=File:Gic-logo.svg){kind=logo} | |
&sq=&lang=&file=File:Capital_Tower,_Jan_06.JPG) Headquarters at Capital Tower | |
| Company type | State-owned Pvt Ltd |
|---|---|
| Industry | Fund management (sovereign wealth fund) |
| Founded | 22 May 1981 |
| Founder | Government of Singapore |
| Headquarters | Singapore |
Key people | Lee Hsien Loong (chairman) Lawrence Wong (Deputy chairman) Lim Chow Kiat (CEO)[1] |
| AUM |  US$770 billion(June 2023)[2] |
Number of employees | ~1,500[3] |
| Website | www |
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.
With a network of 10 offices in key financial capitals worldwide, GIC invests internationally in developed market equities, emerging market equities, nominal bonds and cash, inflation-linked bonds, private equity and real estate.[4] The Sovereign Wealth Fund Institute (SWFI) had estimated the fund's assets at US$770 billion as of September 2023[5] while Forbes estimated the fund's assets at US$744 billion after legislation were passed to transfer about US$137 billion from the Monetary Authority of Singapore (MAS), the country's central bank and monetary authority.[6][7]
Besides GIC, Singapore also owns another sovereign wealth fund, Temasek Holdings, with managed assets at about US$630 billion of assets under management, along with the national pension plan Central Provident Fund (CPF) with assets of US$397 billion, giving an estimated assets under management (AUM) of US$1.77 trillion.[8] The MAS also holds a further US$478 billion.
- ^ "Lim Chow Kiat named GIC CEO from Jan 2017". Channel NewsAsia. Archived from the original on 16 January 2017. Retrieved 15 January 2017.
- ^ "GIC Private Limited (GIC)".
- ^ "GIC".
- ^ "FY16/17 Report on the Management of the Government's Portfolio" (PDF). Archived from the original (PDF) on 15 March 2018. Retrieved 15 March 2018.Retrieved 21 March 2018.
- ^ "GIC Private Limited (GIC)".
- ^ "Singapore's US$744 billion fund GIC eyes China's property assets". South China Morning Post. 17 December 2021. Retrieved 9 December 2022.
- ^ "Singapore's GIC Set to Manage Extra $137 Billion in Reserves". Bloomberg.com. 12 January 2022. Retrieved 8 December 2022.
- ^ "Portfolio Performance". Retrieved 21 March 2018.