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
- 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
- Sep 2025leadershipDilhan Pillay took on the chairmanship of Seviora Holdings, Temasek's wholly owned asset management subsidiary, effective September 2025. reuters.com
- Aug 2025pressTemasek announced its biggest structural overhaul in over a decade, creating three investment entities to take effect April 2026. The firm reported a record portfolio value of S$434 billion (US$338 billion) as of March 2025. reuters.com
- 2025investmentTemasek signed a deal to acquire nearly 10% of Haldiram's snacks business for approximately US$1 billion, valuing the Indian snack company at US$10 billion. theonlinecitizen.com
- May 2026investmentTemasek's latest investment was a Series C round in UpGrad on May 20, 2026, alongside IFC and 360 One. tracxn.com
- May 2026pressTemasek Trust and The Rockefeller Foundation announced a Global Coalition for Nuclear Philanthropy on May 19, 2026, promoting responsible nuclear energy development with safety and waste management standards. cbinsights.com
- May 2026investmentA Temasek Holdings subsidiary participated in a Rs 482 crore pre-IPO funding round in Milky Mist Dairy Food on May 4, 2026. tracxn.com
- May 2026pressTemasek's net portfolio reached US$521 billion as of May 2026, up from S$382 billion (US$287 billion) reported at March 2023. en.wikipedia.org
- May 2026pressTemasek participated in Citi's 2026 Pan-Asia Conference in Singapore on May 18, 2026, meeting with Axis Bank alongside 16 other institutions. x.com
Notable investments
- Haldiram'sMinority stake (~10%)2025theonlinecitizen.com
- UpGradSeries CMay 2026tracxn.com
- Milky Mist Dairy FoodPre-IPOMay 2026tracxn.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/
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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