GIC nears deal to offload US$2 bil in private credit stakes - Bloomberg

Preeti Singh, Laura Benitez & Silas Brown / Bloomberg06-17

GIC declined to comment, and Evercore didn't respond to messages seeking comment.(June 17): Singapore sovereign wealth fund GIC Pte Ltd is finalising the sale of as much as US$2 billion of private ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2644746248?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-17 00:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2644746248","market":"hk","top_or_hot":-1,"title":"GIC nears deal to offload US$2 bil in private credit stakes - Bloomberg","media":"Preeti Singh, Laura Benitez & Silas Brown / Bloomberg","content":"<div>\n<p>GIC declined to comment, and Evercore didn't respond to messages seeking comment.(June 17): Singapore sovereign wealth fund GIC Pte Ltd is finalising the sale of as much as US$2 billion of private ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/gic-nears-deal-offload-us2-bil-private-credit-stakes--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GIC nears deal to offload US$2 bil in private credit stakes - Bloomberg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGIC nears deal to offload US$2 bil in private credit stakes - Bloomberg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-17 00:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/news/gic-nears-deal-offload-us2-bil-private-credit-stakes--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Preeti Singh, Laura Benitez & Silas Brown / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GIC declined to comment, and Evercore didn't respond to messages seeking comment.(June 17): Singapore sovereign wealth fund GIC Pte Ltd is finalising the sale of as much as US$2 billion of private ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/gic-nears-deal-offload-us2-bil-private-credit-stakes--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIC","symbol_name":"Global Industry Company","start_time":0,"source_url":"https://www.theedgesingapore.com/news/news/gic-nears-deal-offload-us2-bil-private-credit-stakes--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2644746248","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/news/gic-nears-deal-offload-us2-bil-private-credit-stakes--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2644746248","pubTimestamp":1781628666,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"GIC declined to comment, and Evercore didn't respond to messages seeking comment.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GIC":"Global Industry Company","BK4104":"贸易公司与经销商"},"translate_title":"GIC即将达成出售20亿美元私人信贷股份的协议-彭博社","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIC":1.5},"content_text":"GIC declined to comment, and Evercore didn't respond to messages seeking comment.(June 17): Singapore sovereign wealth fund GIC Pte Ltd is finalising the sale of as much as US$2 billion of private credit assets, as it taps the booming secondaries market to manage its portfolio.  \n\nGIC hired Evercore Inc to advise on the sale, according to people with knowledge of the matter. The fund has been invested in private credit for a number of years and is looking to prune some of its maturing portfolio, the people said, asking not to be identified discussing confidential information. \nGIC declined to comment, and Evercore didn't respond to messages seeking comment.\nThe Singaporean fund frequently buys and sells secondhand stakes. Last year, it kicked off a process to sell at least US$1 billion of its private equity fund assets from managers including Blackstone Inc and Apollo Global Management Inc. \nElsewhere in GIC's portfolio, the sovereign wealth fund redeemed US$250 million from New York-based Jain Global earlier this year before the hedge fund decided to return all external cash and manage money exclusively for Millennium Management.\nThe sale of private credit fund stakes is among the fastest-growing strategies in the secondaries market, with transaction volumes swelling to US$20 billion last year, up from about US$11 billion in 2024, according to Evercore. \nInstitutional investors are utilising the secondary market more frequently to rebalance their portfolios. Florida State Board of Administration sold US$2.7 billion worth of private credit stakes to Banner Ridge Partners and Pantheon Ventures, Bloomberg reported last year.\nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644746248","isCrawlerRequest":true}