GIC opens office in Brazil

GIC opened an office yesterday in Brazil, as it looks for more investment opportunities in Latin America.

The new office - its 10th globally - will focus on areas such as real estate, healthcare, financial and business services, and natural resources and infrastructure.

"Our presence in Brazil will enable our partners to engage early and interact closely with the GIC team, which is very beneficial for complex and sizeable investments," said group chief investment officer Lim Chow Kiat.