(Singapore Sep 28, 2023)One of Singapore state investment firm Temasek’s wholly-owned unit said today it has raised US$3.3 billion (S$4.5 billion) in its flagship fund that invests in Greater China and has now closed it to new capital, Reuters has reported. The Singapore-based asset manager True Light Capital said in a statement its True Light Fund I secured capital from global investors including sovereign wealth funds, foundations, financial institutions, and family offices. The fund will invest alongside Temasek in opportunities related to Greater China, True Light said. It invests directly in private and public equity as well as indirectly through private equity and venture funds, the report said. China makes up 22% of the portfolio of Temasek, which is ranked among the top 10 investors in the world with a net portfolio value of S$382 billion as of March 2023, according to its website. Temasek was “still excited about the China market” and saw attractive opportunities in the country in areas such as advanced manufacturing and energy transition, its head of China, Yibing Wu, said at the Milken Institute Asia Summit earlier in September as quoted by Reuters.