Sovereign / late-stage, Singapore
Temasek
Venture capital firm · Singapore · Founded June 1974
Quick read
Temasek Holdings, Singapore's state-owned investment firm, was incorporated on 25 June 1974 and is headquartered at Orchard Road, Singapore. It manages a net portfolio of US$521 billion as of May 2026, investing across financial services, technology, healthcare, consumer, infrastructure, and more in 13 offices globally. In August 2025, it announced a restructure into three wholly owned entities—Temasek Global Investments, Temasek Singapore, and Temasek Partnership Solutions—effective 1 April 2026.
Key facts
- Founded
- June 1974
- Employees
- 900
- Sectors
- generalist
- Website
- temasek.com.sg/
Investment thesis
Temasek invests for the long term across a globally diversified portfolio—spanning technology, financial services, healthcare, consumer, and infrastructure—targeting sustainable returns while catalysing economic development in Asia and beyond. It takes direct stakes, backs funds, and builds portfolio companies through active ownership.
Recent activity
- Jul 2026pressTemasek Review 2026 published on 10 July 2026. Temasek announced a target to grow its AI portfolio exposure from 6% to as much as 15% by 2031. en.wikipedia.org
- Jul 2026investmentTemasek increased its China exposure by $7.7 billion amid valuation recovery, per Caixin Global reporting dated 16 July 2026. tracxn.com
- May 2026pressTemasek Trust and The Rockefeller Foundation announced a Global Coalition for Nuclear Philanthropy on 19 May 2026, aiming to promote responsible nuclear energy development. cbinsights.com
- Apr 2026leadershipOneTemasek restructuring took effect 1 April 2026. Portfolio now sits in three wholly-owned entities: Temasek Global Investments (CEO: Chia Song Hwee), Temasek Singapore (President: Png Chin Yee), and Temasek Partnership Solutions. Dilhan Pillay became concurrent Chairman of all four entities while remaining Executive Director and CEO of Temasek Holdings. Lee Theng Kiat stepped down as Chairman of Temasek International. universalassetowners.com
- Apr 2026leadershipDilhan Pillay appointed Chairman of Vertex Holdings effective 15 April 2026. Outgoing Chairman Teo Ming Kian and Deputy Chairman Lee Kheng Nam retired from the Vertex board. Vertex Holdings reported a profit of over USD 100 million for FY2025. caproasia.com
- Oct 2025leadershipTeo Chee Hean succeeded Lim Boon Heng as Chairman of Temasek Holdings on 9 October 2025, becoming the firm's fifth Chairman. Deputy Chairman Cheng Wai Keung and Directors Stephen Lee and Bobby Chin retired by end-July 2025 as part of a board refresh. business-news-asia.com
- Aug 2025productTemasek announced the OneTemasek restructuring on 28 August 2025 — its first major reorganisation since 2011 — splitting the portfolio into three operating entities effective 1 April 2026. universalassetowners.com
- Jul 2025pressNet portfolio value reached a record S$434 billion as of 31 March 2025, reported in July 2025. en.wikipedia.org
- Apr 2026leadershipTemasek launched its major structural overhaul on 1 April 2026, splitting operations into three new entities: Temasek Global Investments (TGI) for global investments tied to structural trends such as digitisation, Temasek Singapore (TSG) for strategic domestic holdings including Singapore Airlines and PSA International, and Temasek Partnership Solutions (TPS) for fund allocations and asset management relationships. CEO Dilhan Pillay became chair of all three units and of Temasek International, succeeding Lee Theng Kiat who retired as Temasek International chairman. reuters.com
- Apr 2026productTemasek Partnership Solutions will work with Seviora Holdings, Temasek's asset management platform, to conduct a strategic review of existing asset management companies and potentially seed new ones. temasek.com.sg
- Oct 2025leadershipFormer Senior Minister Teo Chee Hean became chairman of Temasek Holdings on 9 October 2025, succeeding Lim Boon Heng. theonlinecitizen.com
- Oct 2025leadershipChia Song Hwee, then deputy CEO, was appointed co-CEO of Temasek International effective October 2025 as part of the broader leadership reshuffle tied to the restructuring. reuters.com
Notable investments
- UpGradSeries CMay 2026tracxn.com
- Milky Mist Dairy FoodPre-IPOMay 2026tracxn.com
- HaelixaSeed VC - IIFeb 2026cbinsights.com
- Haldiram'sMinority stake (~10%)2025theonlinecitizen.com
- HaelixaSeed VC-IIFeb 2026cbinsights.com
- LiciousLate StageFeb 2025x.com
- Metropolis TechnologiesGrowthOct 2023en.wikipedia.org
- Manipal Health EnterprisesAcquisition (stake increase to 59%)Apr 2023en.wikipedia.org
- LiciousGrowth2023x.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Dilhan Pillay Sandrasegara · Executive Director & CEO
- Wu Yibing · CEO (Temasek entity)
- Png Chin Yee · CFO & President, Temasek Singapore
- Chan Wai Ching · CFO
- Chia Song Hwee · CEO, Temasek Global Investments
- Teo Chee Hean · Board Member (from Jul 2025)
- Peter Voser · Board Member
- Tan Chong Meng · Board Member
- Michael Buchanan · Staff
- Rohit Sipahimalani · Chief Investment Officer
Sources
- Temasek Holdings - Wikipedia
- Temasek – Official Website
- Our Leadership - Temasek
- Temasek – 2026 Investor Profile, Portfolio, Team & Exits – Tracxn
- Temasek Holdings | Institution Profile | Private Equity International
- https://www.cbinsights.com/investor/temasek-trust
- https://x.com/wegro_app/status/2056358765872783522
- https://www.reuters.com/markets/europe/singapores-temasek-revamp-structure-sharpen-investment-focus-ceo-says-2025-08-28/
- https://www.temasek.com.sg/en/news-and-resources/stories/future/temasek-path-forward-in-a-fragmented-world
- https://www.theonlinecitizen.com/tag/temasek-holdings/
- https://tracxn.com/d/companies/temasek/__Gv7nX9jJTXO1k1_ZcU7G7-t2aLrrbYOwZH9Sy16hcaQ
- https://www.universalassetowners.com/people/allocator-class/dilhan-pillay-temasek-ceo/
- https://www.caproasia.com/2026/04/15/singapore-324-billion-temasek-subsidiary-7-billion-venture-capital-unit-vertex-holdings-appoints-temasek-ceo-dilhan-pillay-sandrasegara-as-vertex-holdings-chairman-15-4-26-with-current-chairman-te/
- https://www.business-news-asia.com/2085-teo-chee-hean-to-succeed-lim-boon-heng-as-chairman-of-temasek-holdings/
- https://en.wikipedia.org/wiki/Temasek_(company)
Other VCs in Singapore
- Vertex Ventures · Multi-stage VC, Singapore·
- Antler · Pre-seed & seed VC, Singapore
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Frequently asked
What is Temasek?+
Temasek Holdings, Singapore's state-owned investment firm, was incorporated on 25 June 1974 and is headquartered at Orchard Road, Singapore. It manages a net portfolio of US$521 billion as of May 2026, investing across financial services, technology, healthcare, consumer, infrastructure, and more in 13 offices globally.
Where is Temasek headquartered?+
Temasek is headquartered in Singapore, Singapore.
When was Temasek founded?+
Temasek was founded in June 1974.
What sectors does Temasek invest in?+
Temasek focuses on generalist. They primarily invest in these sectors.
Who is the CEO of Temasek?+
Dilhan Pillay Sandrasegara is the CEO of Temasek.
How do I prepare for a meeting with Temasek?+
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