14th Feb 2008
Henny Sender in New York
A Singapore sovereign wealth fund is expected to be the lead investor in a $6bn fund that TPG, the private equity firm, is raising to invest in troubled financial firms.
Government Investment Corp of Singapore would commit between $2bn and $3bn to the new financial opportunities fund, which is being marketed exclusively to a handful of the world’s largest sovereign wealth and pension funds, according to sources familiar with the matter. GIC did not return calls for comment. >>>> More
