GIC has the ability to invest across a full spectrum of financial assets, from sovereign debt to infrastructure, and manages approximately 80 per cent of its portfolio in-house. Traditionally, GIC keeps a high profile in its investments. During the
subprime mortgage crisis of 2007–2010, however, a number of its investments attracted controversy. In 2013, according to the
Sovereign Wealth Fund Institute, the GIC was one of the most active
sovereign wealth fund investors for the year. On 30 July 2013, Singapore's GIC was part of a consortium to acquire Transport et Infrastructures Gaz France (TIGF) which is Total's gas transportation and storage business for an enterprise value of €2.4 billion (US$3.25 billion). The consortium includes Snam (45%) an Italian gas storage and transport operator, Singapore's GIC (35%) and EDF (20%). As of 2017, GIC holds around 34% of its portfolio in the US; 3% in Latin America; 6% in the rest of Americas; 6% in the United Kingdom; 12% in the
Eurozone; 6% in the Middle East, Africa and the rest of Europe; 19% in Asia excluding Japan; 12% in Japan and 2% in Australasia. In January 2019, GIC purchased a 2.55% stake in
Vietcombank for $265 million. The fund also participated in a $300 million funding round for German fintech company
N26, a year later, GIC participated in a $650 million financing round for
Klarna, and took part in
Kotak Mahindra Bank's sale of shares worth $1 billion. In September 2020, GIC and
MassMutual acquired
Blackstone's 36% share in Rothesay Life for $2.69 billion, increasing both of their stake to 49%. In 2021, they took part in an investment round in Dapper Labs. GIC became a minority shareholder when it invested into Brazilian pharmaceutical company Cimed in March 2025.
Real estate In 2006, at the height of the US real estate bubble, it made a US$200 million investment in the equity of
Stuyvesant Town–Peter Cooper Village, the largest apartment complex in Manhattan (as well as US$575 million in secondary loans). The management of the complex,
Tishman Speyer Properties and BlackRock Realty, defaulted on their loan in 2010, effectively wiping out the investment.
Financial institutions In late 2007, during the first phase of the crisis, GIC invested $11 billion Swiss francs for a 7.9% stake in the Swiss bank
UBS. The loans were converted into equity in 2010, with an estimated 70% loss of value, though partially offset by a 9% fixed coupon. GIC had acknowledged that the timing for the investment could have been better. It also stated that other investments made at that time have had positive returns which offset the losses on
UBS. GIC's total portfolio has fully recovered to its value prior to the
2008 financial crisis. In 2008, GIC invested US$6.88 billion for a 9% stake in
Citigroup. In 2009, it pared its stake to less than 5%, realising a $1.6 billion profit, with another $1.6 billion paper profit on its remaining holding. In September 2012, GIC increased its stake in the
China Pacific Insurance Group from 2.3% to 10.61% for $700 million. In 2014, GIC led a $150 million funding round into payment processing company
Square. In March 2017 GIC acquired Allfunds Bank together with
Hellman & Friedman for €1.8 billion. In the same year, it was reported that GIC would purchase a 10% stake in British specialist bank
OakNorth for £90 million and that the fund reduced its holding in UBS from 5.1% to 2.7%. In December 2023, GIC acquired
Cinven's shares in Miller and became the majority shareholder of the UK specialist insurance and reinsurance broker. In 2024, the fund participated in a share sale of
Monzo, valuing the company at $5.9 billion. In May 2025, GIC invested into
Citco. ==Performance==