GIC (sovereign wealth fund)

GIC Private Limited

Headquarters at Capital Tower
Company type	State-owned Pvt Ltd
Industry	Fund management (sovereign wealth fund)
Founded	22 May 1981; 43 years ago (1981-05-22)
Founder	Government of Singapore
Headquarters	Singapore
Key people	Lee Hsien Loong (Chairman) Lim Chow Kiat (CEO)[1]
AUM	US$770 billion (June 2023)[2]
Number of employees	~1,500[3]
Website	www.gic.com.sg

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 the 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 the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.

With a network of 10 offices in key financial capitals worldwide, GIC invests internationally in developed market equities, emerging market equities, nominal bonds and cash, inflation-linked bonds, private equity and real estate.^[4] The Sovereign Wealth Fund Institute (SWFI) had estimated the fund's assets at US$770 billion as of September 2023^[5] 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.^[6][7]

Besides GIC, Singapore also owns another sovereign wealth fund, Temasek Holdings, with managed assets at about US$630 billion of assets under management, along with the national pension plan Central Provident Fund (CPF) with assets of US$397 billion, giving an estimated assets under management (AUM) of US$1.77 trillion.^[8] The MAS also holds a further US$478 billion.