MARKETS & INVESTING | Staff Reporter, Singapore

Temasek eyes opening private equity to retail investors

Sources said it plans to launch an asset-backed security through Azalea Investment Management.

Deal Street Asia, citing media reports, said Temasek Holdings could give retail investors access to private equity (PE) investments through its subsidiary, Azalea Investment Management. Unnamed sources said retail investors could invest in PE through an "asset-backed security."

It was not the first time for reports to surface about Temasek’s plan to give retail investors access to private equity investments. 

In November, Deal Street Asia also reported that Azalea Investments launched its latest fund, Astrea III, a co-investment vehicle with diversified assets built on a portfolio of PE funds. The fund has a US$510m issue that was built on a portfolio of 34 private equity funds managed by 26 established fund managers.

Temasek started the first of a series of private equity co-investment platforms with Astrea I in 2006 with a diversified and balanced portfolio of selected Temasek interests in high-quality private equity funds.

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