GIC (sovereign wealth fund)

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GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with an aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years. With a network of 11 offices in key financial capitals worldwide, GIC invests internationally in developed market equities, emerging market equities, fixed income, private equity, infrastructure and real estate. The Sovereign Wealth Fund Institute (SWFI) had estimated the fund's assets at US$1.181 trillion as of October 2026 while Forbes estimated the fund's assets at US$744 billion after legislation were passed to transfer about US$137 billion from the Monetary Authority of Singapore (MAS), the country's central bank and monetary authority....

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