# Temasek Holdings

Temasek Holdings is a Sovereign Wealth Fund based in Singapore, Singapore.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore
- **Founded:** 1974
- **Assets under management:** $401B (31 Mar 2026)
- **Website:** temasek.com.sg

## Regulatory record

- **Reports private funds:** No

## About

Temasek Holdings (Private) Limited is a global investment company headquartered in Singapore and wholly owned by the Singapore Minister for Finance. Incorporated on 25 June 1974 under the Singapore Companies Act to commercially manage assets previously held by the Singapore Government, it operates as an independent commercial entity rather than a government agency or statutory board (per official FAQs and corporate governance pages). As a generational investor guided by its Purpose “So Every Generation Prospers,” Charter, and Values, Temasek seeks to deliver good sustainable returns over the long term with sustainability at its core. As at 31 March 2026, net portfolio value (NPV) reached S$518 billion (US$401 billion) on a mark-to-market basis, doubling over the prior decade, with one-year total shareholder return of 10.5% (per Temasek Review 2026 and official press release of 8 July 2026). The diversified portfolio comprises three segments: Singapore-based Temasek Portfolio Companies (43%), Global Direct Investments (38%), and Partnerships, Funds, and Asset Management Companies (19%). Temasek maintains 13 offices across nine countries and a multinational team of over 970 people. It publishes the annual Temasek Review as a public performance scoreboard, reports consolidated group financials, holds Aaa/AAA credit ratings, and is designated a Fifth Schedule entity under the Singapore Constitution with safeguards for past reserves.

## Sectors

- Venture Capital
- Real Estate
- Transportation
- Telecommunications
- Financial Services

## People

- Teo Chee Hean — Chairman
- Dilhan Pillay Sandrasegara — Chief Executive Officer
- Tan Chong Meng — Deputy Chairman
- Chia Song Hwee — Chief Executive Officer, Temasek Global Investments
- Png Chin Yee — Chief Financial Officer, Temasek International; President, Temasek Singapore
- Rohit Sipahimalani — Chief Investment Officer, Temasek International

## Questions

### What is Temasek Holdings and who owns it?

Temasek Holdings (Private) Limited is a global investment company incorporated in Singapore in 1974. It is wholly owned by the Singapore Minister for Finance (as a body corporate) and operates commercially and independently under the Singapore Companies Act.

### What is Temasek’s most recent net portfolio value?

As at 31 March 2026, Temasek’s net portfolio value was S$518 billion (US$401 billion) on a mark-to-market basis, up S$49 billion from the prior year and representing a doubling over the past decade (per Temasek Review 2026).

### Does Temasek manage Singapore’s foreign reserves or CPF savings?

No. Temasek does not manage Central Provident Fund savings (managed by the CPF Board) or Singapore’s Official Foreign Reserves (managed by the Monetary Authority of Singapore). GIC separately manages government reserves.

### How does Temasek report its performance and financials?

Although an exempt private company not required to disclose financials publicly, Temasek has published its annual Temasek Review since 2004 detailing portfolio performance and net portfolio value. It also releases consolidated group financials prepared under IFRS based on audited statutory statements.

### What is Temasek’s credit rating?

Temasek is rated Aaa by Moody’s Investors Service and AAA by S&P Global Ratings. Its bonds and Euro-commercial Paper programme carry corresponding top ratings.

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Last updated: 2026-07-17T22:16:47.000Z

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