Singapore's GIC closes 2 of the biggest investment deals in Q1
The sovereign fund was part of at least 12 deals in the past quarter.
A report from Reuters said Singapore's $344b GIC led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter.
Wealth funds and state pension funds participated in a total $9b of deals in January-March. GIC teamed up with private equity firm Hellman & Friedman in a $1.9b deal for a 75% stake in Spain's Allfunds Bank, and paired with Paramount Group to acquire 60 Wall Street, a "trophy asset" in downtown Manhattan, for $1.04b. The 47-storey tower serves as the US headquarters of Deutsche Bank.
Read the full story here.