Temasek launches special-purpose vehicle
Astrea II aiming for broader base of investors
Add BT as a preferred source[SINGAPORE] Temasek Holdings is spinning off more of its investments into a special-purpose vehicle (SPV) to reach a broader base of investors in the longer term. Also in the works from the Singapore investment firm is a retail bond offering in the near future.
Temasek yesterday launched Astrea II, a co-investment vehicle with broadly diversified holdings in 36 private equity funds.
Temasek is the single largest investor in Astrea II, at 38 per cent; ARDIAN, formerly AXA Private Equity - a global private investment company and leading secondary fund manager - is one of the six co-investors in Astrea II.
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