Singapore's state investor Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive confirmed. The league's rising franchise values, now over $18.5 billion, are attracting sovereign wealth funds and private equity firms.
Temasek Global Investments president Nagi Hamiyeh stated crypto investment remains off-limits due to regulatory uncertainty and the company's substantial loss from FTX. The firm is increasing its AI exposure and investing in European luxury and industrials.
Temasek Holdings increased its China exposure by S$10 billion ($7.7 billion) last fiscal year, the largest annual rise in five years. The state investor is shifting its portfolio towards AI, advanced technology, and "hard tech" sectors like robotics and biotech, moving away from consumer and real estate. China is now viewed as a maturing economy requiring selective investment.
Singapore's Temasek Holdings achieved a record net portfolio value of S$518 billion ($401 billion) for the year ended March 31, with a 10.5% total shareholder return driven by strong Singapore holdings and divestments. The investor plans to increase exposure to AI, private credit, and infrastructure.
