| For years now, sovereign wealth funds were looked at as private equity’s next great piggy banks as some cash-strapped U.S. LPs slowed down their pace of investing. But it seems that many have investment aspirations of their own.
Temasek, the Singapore state investment agency, is setting up its OWN fund centered on small enterprises in North Asia and China, the Financial Times reports. “We want to be more attractive than private equity firms like KKR,” a source tells FT...............................................Full Article: Source
|