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15-03-2023, 08:39 AM
Temasek says they have no direct exposure to the collapse of SVB. However, they actually have indirect exposure. What a way with words.
In 2015, they actually acquired a 100% stake in Mumbai-based venture lender SVB India Finance. SVB India Finance, is a wholly-owned subsidiary of Silicon Valley Bank Financial Group. The transaction was made at approximately $46.4 million. In that same year, Temasek renamed the subsidiary to InnoVen Capital India and introduced their operations in Singapore.
Temasek needs to exercise more caution and prudence when investing in companies, especially those in the technology sector that can be volatile and subject to rapid changes. Previously it was the collapse of FTX. Now it is the Silicon Valley Bank.
These events highlight the potential risks associated with investing in financial institutions and technology companies. While it’s impossible to predict every potential market event, it’s crucial for Temasek and other investment firms to conduct thorough due diligence and risk assessments before investing in any company.
In 2015, they actually acquired a 100% stake in Mumbai-based venture lender SVB India Finance. SVB India Finance, is a wholly-owned subsidiary of Silicon Valley Bank Financial Group. The transaction was made at approximately $46.4 million. In that same year, Temasek renamed the subsidiary to InnoVen Capital India and introduced their operations in Singapore.
Temasek needs to exercise more caution and prudence when investing in companies, especially those in the technology sector that can be volatile and subject to rapid changes. Previously it was the collapse of FTX. Now it is the Silicon Valley Bank.
These events highlight the potential risks associated with investing in financial institutions and technology companies. While it’s impossible to predict every potential market event, it’s crucial for Temasek and other investment firms to conduct thorough due diligence and risk assessments before investing in any company.
