Temasek's True Light Capital closes $3.3bn greater China fund

Flagship vehicle eyes sectors including science, technology and consumer

True Light Capital's formation comes at a time of heightened uncertainty around China. (Nikkei montage/Source photo by AP, logo from True Light Capital's website)

KRISTIE NEO, DealStreetAsia

September 29, 2023 19:29 JST

SINGAPORE -- Temasek-backed subsidiary True Light Capital on Thursday announced that it has closed its first flagship fund at $3.3 billion to invest in greater China.

True Light Fund I received capital commitments from sovereign wealth funds, foundations, financial institutions and family offices. True Light Capital is an independent and wholly owned subsidiary of Singapore state investor Temasek.