Temasek

Singapore's state-owned investor Temasek Holdings has bought a 9% stake in the management company of FSI, an Italian private equity firm. The deal marks a further step in Temasek's expansion into European asset management. Business observers are watching what the Singaporean capital presence could mean for FSI's investment strategy and Italy's private equity market.

Vertex Japan, a venture arm backed by Singapore state investor Temasek, has invested in Heartbeats, a startup that makes digital trading cards. The deal, reported exclusively by the Wall Street Journal, signals continued investor appetite for digital collectibles, with Vertex betting the format can appeal to fans of trading cards who want ownership that is easier to buy, sell and store online.

Singapore's state investment firm Temasek plans to open new offices in Abu Dhabi and Riyadh in 2027, expanding its presence in the Gulf. The announcement is being shared as part of wider Middle East business news, underlining growing financial ties between Southeast Asian investors and the oil-rich region.