GIC Private Ltd
GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore. Their aim is to achieve good long-term returns for the Government - a reasonable risk-adjusted rate above global inflation over a 20-year investment horizon. By achieving these returns, they fulfill their responsibility to preserve and enhance Singapore's foreign reserves. The reserves provide a stream of income that can be spent or invested for the benefit of present and future generations. They do not own the funds they manage. Theymanage these funds on behalf of the Government of Singapore, their client.