💰SWF – Sovereign Wealth Fund
Asian Sovereign Funds Not Slowing Down on Tech Investing .Asian Sovereign Funds Not Slowing Down on Tech Investing
According to data from SWFI’s Sovereign Wealth Fund Transaction Database, Asian sovereign funds invested US$ 6.05 billion directly into companies and assets in the information technology sector from Jan 2017 to November 22, 2017.
In a comparable time frame from Jan 2016 to November 22, 2016, this same group of Asian sovereign funds directly invested US$ 5.02 billion in the sector.
These are direct investments, not fund commitments or manager allocations.
Asian sovereign funds such as GIC Private Limited, Temasek Holdings and the Korea Investment Corporation (KIC) have demonstrated bullish signals to the technology community over other sectors.
GIC and Temasek have also been major investors in the private side of deals, funding a wide range of tech startups, while providing financial firepower in buyout transactions.
https://www.swfinstitute.org/swf-news/asian-sovereign-funds-not-slowing-down-on-tech-investing/