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Singapore’s GIC Bets on Latin American Infrastructure Companies

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Singapore’s GIC Pte, one of the world’s largest sovereign wealth funds, is making an outsized bet on Latin American infrastructure, while targeting smaller technology companies in the region.

The fund is “overweight” on the sector — which comprises power generation and transmission, telecommunications and transportation — relative to other segments in Latin America. About 12% of its global investments in infrastructure are allocated to the region, according to Chief Executive Officer Lim Chow Kiat. The focus is on Brazil and Mexico, the largest markets, with some smaller investments in the Andean region.

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