Temasek's Major Organizational Restructuring
Singapore's state investment company Temasek Holdings announced on August 28, 2025, a three-way split of its business according to its investment portfolio. The new structure is scheduled to launch on April 1, 2026, aiming to optimize the organizational structure to achieve growth and improved returns in response to changes in the business environment such as geopolitical tensions.
Role Division of Three New Subsidiaries
Temasek Global Investments (TGI): Primarily responsible for direct investments in foreign companies. Manages investments in Dutch payment company Adyen, Australian asset manager BetaShares, Chinese tech giant Tencent, and others.
Temasek Singapore (TSG): Functions as a holding company for domestic companies. Manages shares in real estate company CapitaLand, Singapore's largest bank DBS, Singapore Airlines, etc., responsible for securing long-term stable income.
Temasek Partnership Solutions (TPS): Specializes in investments in funds and asset management companies, operating the indirect investment portfolio.
Asset Scale and Investment Strategy
Record Investment Scale: Net assets totaled S$434 billion (approximately 49.48 trillion yen) in fiscal 2025, a record high. Foreign direct investment accounts for 36%, domestic company holdings 41%, and fund/asset management company investments 23%.
Investment Themes: Strategic investments based on four trends: "digitalization, sustainable living, future of consumption, and aging." The asset value of foreign direct investment has expanded more than 20-fold from 2004 to 2025, achieving steady growth.