<ul><li>Temasek, the Singaporean state-owned investment group, has reduced its investments in early-stage companies by 88% over a three-year period.</li><li>The group's investments in such companies decreased from $4.4 billion in 2021 to $509 million in 2024, with a shift towards more conservative investment strategies.</li><li>Temasek's change in strategy is attributed to factors like rising interest rates, losses on collapsed startups, and the perceived difficulty for high-risk unlisted companies to go public.</li><li>With a $300 billion portfolio, Temasek now focuses on making larger commitments to fewer companies closer to going public, following the write-off of a $275 million investment in the defunct cryptocurrency exchange FTX.</li></ul>

Temasek Slashes Investments in Early-Stage Companies by 88%

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