True Light announces closure of its fund at $4.5b

The fund will support True Light and Temasek’s joint investment projects.

True Light Capital Pte. Ltd. (True Light) announced the final closing of its first flagship fund, True Light Fund I at $4.5b, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.  

The fund invests alongside Temasek in high-quality investment opportunities that have a major business relationship with Greater China. True Light Fund I invests directly in private and public equity as well as indirectly through private equity and venture funds. 

The fund employs a theme-driven, multi-sector approach, with key sectors including Life Sciences, Technology, Consumer, Industrials and Business Services.

“True Light is positive about China's long-term fundamentals and outlook, and we continue to see attractive investment opportunities aligned with the four long-term structural trends of Digitisation, Longer Lifespans, Sustainable Living and Future of Consumption," Yeo Chee Kian, CEO of True Light said.

True Light was established in 2021, as an Asset Under Management to broaden its business ecosystem and provide partners with the opportunity to invest in structural trends in China.