Temasek launches $4.5b subsidiary to invest in businesses with growth potential

Called 65 Equity Partners, it will focus first on Singapore businesses.

Temasek announced the establishment of 65 Equity Partners, a wholly-owned subsidiary focusing on equity and structured equity investments. 

The company will have a fund under management of $4.5b, with investments mainly targeting established companies with regional or global aspirations and market values between $1.35b (US$1b) to $6.74b (US$5b). Flexible capital solutions will be the focus of the company to address situations such as growth funding, merger and acquisition financing, and shareholding re-organisations. 

The platform will target deal sizes of between $134.66m (US$ 100m) to $269.54m (US$ 200m).

Industries covered by the platform include those with strong structural tailwinds, such as consumer, industrial, and business services, logistics, healthcare, and technology.

To implement this, the company’s strategy is to provide capital solutions to local enterprises and help catalyse their growth. Collaborations with other Singapore-focused funds including Heliconia and Capital Management are also planned.

65 Equity Partners is managed by a core team of investment professionals, at the helm of which is CEO Tan Chong Lee. International expansion is also planned with potential offices in Europe and the US. 

Tan Chong Lee has said that this new launch aims to be the partner of choice for promising companies hoping to accelerate their growth.