Dilhan Pillay Sandrasegara
Chief executive officer at Temasek Holdings
It seems Singaporean sovereign wealth fund Temasek has an iron in every fire.
The firm led by CEO Dilhan Pillay Sandrasegara has put money in a wide array of publicly traded companies, including the AS Watson Group, CapitaLand Group and Mapletree Investments, according to Temasek’s website.
Hong Kong-based AS Watson, of which Temasek owns just under 25 percent, has risen in prominence in the last year with new leadership in CEO Clarice Au and is now ranked 52nd out of 250 top companies on Deloitte’s Global Powers of Retailing 2025. The health and beauty retailer, which owns 12 brands with brick-and-mortar locations in 29 markets worldwide, recently opened its 16,800th store in Rotterdam.
Temasek owns 100 percent of Singapore-based CapitaLand, which earlier this month announced it would invest $1 billion in three new data center projects in India. The subsidiary, too, will spend the next four to five years taking over SC Capital Partners Group, which is invested in hospitality assets in Japan.
An example of Temasek’s real estate investment approach can be found in a partnership it recently struck with CenterSquare Investment Management.
The two firms got together in February to create a $200 million fund to invest in subordinate real estate loans primarily through assets with strong cash flow. The goal is to ultimately receive equity-
like returns through mezzanine loans and preferred equity investments, according to CenterSquare.
The majority of Temasek’s other investments include shares in industrial and transportation firms such as Keppel; financial services outfits like Adyen or AIA Group; and companies that focus on telecommunications, media and technology, including Alibaba, BlackRock and Global Healthcare Exchange.
