Singapore sovereign wealth leads the field in Covid deal activity

A new study finds that Temasek and GIC were in almost two thirds of sovereign wealth deals in the year to September 2020.

Singapore’s Temasek and GIC were responsible for more than 65% of all deals by sovereign wealth vehicles worldwide in the 14 months to September 2020, a new report has found.

The annual sovereign wealth funds report by IE University and ICEX-Invest in Spain logged 165 transactions between July 2019 and September 2020, a period embracing the normality of the pre-pandemic months, the onset of the crisis and the first six to seven months when it hit most markets.

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