Government of Singapore Investment Corporation (GIC)

Established in May 1981 by the Singapore Government to manage its foreign reserves, GIC has grown into one of the world’s leading sovereign wealth funds. Headquartered at Capital Tower in Singapore, with around 1,500 employees and 10–11 offices across key financial centers, GIC invests globally with an emphasis on long-term real returns above inflation.

GIC’s diversified portfolio spans six core asset classes: developed and emerging equities, fixed income (nominal and inflation-linked), private equity, real estate, and special investments. With assets under management estimated at between US $770 billion and US $847 billion as of mid‑2025, it aims to preserve and enhance the purchasing power of Singapore’s reserves over a 20‑year horizon.

Governed as a Fifth Schedule company under Singapore’s Constitution, GIC is accountable to both the President and Parliament. Its investment framework anchors on a reference portfolio (65% global equities, 35% bonds) and two active layers: policy portfolio for long-term returns, and active portfolio for tactical outperformance. Risk is managed across portfolio, process, and people dimensions.