Sovereign Wealth Fund

Investor profile

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GIC

USGBDEFRNLSECHAUSGINCNJPKRHKAEOtherAI/MLFintechEnterpriseDeep TechHealthtechClimateMarketplacesB2B SaaSOther

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Investment thesis

GIC was established in 1981 to manage Singapore's foreign reserves, with a mandate to preserve and enhance Singapore's international purchasing power over the long term. GIC maintains a diversified portfolio across three broad asset groups — Equities, Fixed Income, and Real Assets — spanning both public and private markets across more than 40 countries. Its investment framework capitalises on a long-term orientation, a broad investment mandate (able to invest across geographies, asset classes, deal types, and capital structure), global operations, and collaborative partnerships. GIC's approach is anchored on two pillars: top-down portfolio construction and bottom-up asset selection, focusing on long-term value with an emphasis on avoiding permanent loss. The fund is the world's most prolific sovereign co-investor, deploying over US$44.9 billion since 2018, and increasingly focuses on technology, digital infrastructure, and AI as transformative investment themes.

Notable quotes

Anthropic's thoughtful approach to AI development is changing the way enterprises operate. Our partnership and continued investment reflects our conviction in their visionary leadership team and technical depth as they expand access to advanced AI tools.

Chris Emanuel · GIC Newsroom – GIC Leads $30 Billion Series G in Anthropic · 2026-02-13

GIC is proud to partner with Zuora, a market leader and proven innovator, to meet the significant demand for its services in the Subscription Economy. Working alongside Zuora's management team and our partners at Silver Lake, we will be able to leverage our collective resources, experience, and long-term outlook to invest in Zuora's continued success.

Choo Yong Cheen · GIC Newsroom – Silver Lake and GIC Complete Acquisition of Zuora · 2025-02-14

Ramp has consistently outperformed our expectations, resulting in GIC investing eight times in the business to date. Since our initial investment, the company has continued to accelerate revenue growth, while scaling volume exponentially. As AI reshapes how work gets done, Ramp is building the necessary infrastructure for how businesses will agentically manage their financial operations.

Vinay Yarlagadda · GIC Newsroom – Ramp Raises Series F at $44 Billion Valuation · 2026-06-04

Team

Boon Chin Hau

Chief Investment Officer, Infrastructure

ClimateDeep TechOther

Bryan Yeo

Group Chief Investment Officer

Multi-stageEnterpriseAI/ML

Choo Yong Cheen

Chief Investment Officer, Private Equity

EnterpriseB2B SaaSFintech

Goh Chin Kiong

Chief Investment Officer, Real Estate

Other

Liew Tzu Mi

Chief Investment Officer, Fixed Income & Multi Asset

Other

Lim Chow Kiat

Chief Executive Officer

Other

Recent investments

CompanyRoundSizeDate
AnthropicSeries H$65.0b2026-05-28
RampSeries F$750m2026-06-04
AnthropicSeries G$30.0b2026-02-12
Vantage Data Centers (APAC)Growth$1.6b2025-09-10
ZuoraBuyout2025-02-14
TechemBuyout2025-07-14
FlipkartSeries D$1.0b2014-07-29
AirbnbSeries B
ByteDanceGrowth
GrabGrowth

Frequent co-investors

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