Temasek Talks Mexico Potential
As relations between Asia and LatAm strengthen, Temasek sees itself well positioned to ride Mexico’s recovery. The sovereign wealth fund is teaming up with entrepreneurs.
by Natalie Feary
Temasek set up shop in Mexico two years ago, headed up by former Barclays CEO for Mexico Lorenzo González Bosco and in July announced its first private investment. Up to then the funds Mexico portfolio had been made up of stocks from the equity market. In an exclusive interview, the funds managing director of investment for Mexico tells LatinFinance where he sees opportunity in the regions second biggest economy.
Singapores $140 billion sovereign wealth fund, focused primarily on Asia and Singapore, has a clear interest in LatAm. Just 10% of the total portfolio is earmarked for investment in developing markets beyond Asia. González says the majority of this $14 billion pot is destined for LatAm, so Temaseks footprint in the region should soon become more noticeable.
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