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Overview
GIC is a Singapore sovereign wealth fund that manages the nation's foreign reserves. It is reported to manage around $700-800B with strategies in equities, credit, private equity, infrastructure, and real estate among others. With a history dating back to 1981, GIC has established itself as a global investor with a portfolio spanning various asset classes and geographies.
As a long-term investor, GIC seeks to generate sustainable and attractive returns over a 20-year investment horizon. The fund has a diversified portfolio that includes investments in equities, fixed income, real estate, private equity, and infrastructure assets.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with GIC, you should make sure you know:
1 deal that the investment team you are recruiting with has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.
Selected Transaction
GIC's real estate fund partnered with REIT firm Dream Industrial to acquire the Summit Industrial REIT.
Transaction Description: GIC Real Estate Pte Ltd. and Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) acquired Summit Industrial Income REIT (TSX:SMU.UN). Under the terms of the arrangement, Summit unitholders received CAD $23.50 per unit.
Transaction Date: Closed November 2022
Transaction Value: C$5.9B, all cash
Fact Sheet
Company Name: GIC
Description: GIC Private Limited is a sovereign wealth fund in Singapore that manages its foreign reserves. Its mission is to preserve and enhance the international purchasing power of the reserves with the aim of achieving good long-term returns above global inflation over the investment time horizon
Firm Category: Pension Plan
Status: GIC is a privately held company
Founded: 1981
Assets Under Management: $700-$800B
Chief Executive Officer: Lim Chow Kiat
Headquarters: Singapore
Resources
Based on Glassdoor, the average base salary for an Associate at GIC is $120k. We note that this salary information may be dated and not reflective of their current pay.