Temasek CEO Shares Investor's View on Private Markets

Temasek’s CEO outlined the fund’s 2026 investment strategy, emphasizing private markets as a key growth driver amid public market volatility during Bloomberg Invest in New York. Private equity and venture capital remain top priorities, with increased allocations to deep tech—including quantum computing, AI, and biotech—reflecting long-term bets on transformative industries. Geographically, Southeast Asia and North America lead deployments, though Europe’s energy transition and India’s digital infrastructure also attracted fresh capital. Pillay cited macroeconomic uncertainty as a catalyst for selective, high-conviction investments, favoring resilient sectors like climate tech and semiconductor supply chains over cyclical plays. The fund’s public-market exposure is being recalibrated to reduce volatility, with a shift toward late-stage private assets offering higher risk-adjusted returns.