Temasek
Singapore-headquartered investment company owned by the Government of Singapore, reporting a net portfolio value of S$518 billion as at 31 March 2026.
Industry: Investment company | Location: Singapore, Singapore | Founded: 1974
About Temasek
Temasek is an investment company headquartered in Singapore. It is owned by the Government of Singapore, with the Minister for Finance as its single shareholder, and was incorporated in 1974, according to Wikipedia.
Teo Chee Hean, a former Deputy Prime Minister of Singapore, became chairman on 9 October 2025. Dilhan Pillay Sandrasegara has been chief executive since 1 October 2021. Temasek appointed Wendy Koh, previously of Mapletree Investments, as chief financial officer from 1 October 2026; Png Chin Yee, who held that role, continues as President of Temasek Singapore.
From 1 April 2026, Temasek has operated through three wholly owned entities: Temasek Singapore, Temasek Global Investments and Temasek Partnership Solutions. About 52 percent of the portfolio is in Singapore-headquartered companies, and Temasek moved to mark-to-market valuation for its unlisted direct investments, which make up about 25 percent of the portfolio.
In its review for the year ended 31 March 2026, Temasek reported a net portfolio value of S$518 billion, up S$49 billion on the previous year and about US$400 billion. The one-year total shareholder return was 10.5 percent in Singapore dollars and 14.8 percent in US dollars. It invested S$51 billion and divested S$31 billion. Portfolio value fell about 2 percent in the final month of the year, which Temasek attributed to events in the Middle East.
Temasek said AI made up about 6 percent of its portfolio and could reach as much as 15 percent by 2031. TechScoop reported that the firm holds stakes in Anthropic and OpenAI, and plans to raise private credit from about 2 percent to 5 percent of the portfolio and infrastructure from about 1 percent to 5 percent. Its near-term focus areas are AI, core-plus infrastructure and private credit.
In the Gulf, TechScoop noted in July 2026 that Saudi Arabia's Public Investment Fund, Mubadala and MGX increasingly compete with Temasek for deals in infrastructure, chips and energy. In February 2026 EvolutionX, a private credit platform backed by Temasek and DBS Bank, led a US$50 million investment in the UAE cloud kitchen company Kitopi.
Leadership
- Dilhan Pillay Sandrasegara, Chief Executive Officer
- Wendy Koh, Chief Financial Officer
- Png Chin Yee, President, Temasek Singapore