Jan 3 (Reuters) - Singapore state investor Temasek Holdings said on Tuesday it has set up a new subsidiary called Pavilion Capital Pte Ltd that will invest primarily in privately owned firms in North Asia.
The wholly owned subsidiary will be headed by Temasek's former chief investment officer, Tow Heng Tan, a Temasek spokeswoman said in a statement. The fund will have at least $1 billion to invest and Tow will be based in Singapore, a source familiar with the plans told Reuters. Full story
Related:
Temasek Starts Company Headed by Ex-Chief Investment Officer in China Push - Bloomberg
Temasek Starts Investment Company Run by Former CIO Tow - San Francisco Chronicle
Temasek starts firm headed by ex-official in China push - The Financial Express
