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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek invests in SecondMarket

Posted on 24 February 2010

From WSJ: Singapore state-owned investment firm Temasek Holdings PLC and a charitable foundation established by Hong Kong tycoon Li Ka-shing have invested $15 million in SecondMarket Inc., a marketplace specializing in illiquid assets, that will help fund the company’s Asian expansion plans.

Temasek and the Li Ka Shing Foundation each agreed to invest $7.5 million in the New York-based company, which provides a venue for buying and selling assets such as private-equity limited partnership stakes, hedge-fund stakes, private-company stock, bankruptcy claims and auction-rate securities………………………………….Full Article: Source

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