GIC Private Equity Secondaries 2025 Sale Could Top USD1bn

GIC private equity secondaries 2025 plans involve Singapore’s GIC selling a portfolio of private-equity fund stakes valued at more than USD1bn, Bloomberg reported. The portfolio spans about 30 funds from Blackstone, Apollo Global Management, and TDR Capital, each averaging around USD100m, with vintages dating back to 2016. The sale, aimed at portfolio rebalancing, comes amid rising global secondary-market activity, which Jefferies said reached USD103bn in the first half of the year. GIC remains an active buyer, acquiring interests in 50 funds in 2023. Global SWF estimates its total assets at USD936bn, with five-year annualised returns of 6.1% as of March.