This is an edited transcript of GIC CEO Lim Chow Kiat’ s opening remarks at GIC Insights 2021.
A very warm welcome to GIC Insights!
The value of this forum comes in large part from the network effect. Your individual participation, in-person or online, add disproportionately to that effect. This is platform investing – the value expands and compounds exponentially even without adding more capital. This compounding effect happens over time too. Albert Einstein reportedly called this “the most powerful force in the universe”. It fits right into how GIC invests – finding and holding assets with quality earnings to compound over the long term.
- These assets include our long partnerships with many of you. Your ideas, capabilities and giving us first calls on good co-investments are a big part of this compounding effect.
- I hope you would agree that we too contribute to your compounding, by providing you with good capital, professional reputation, speedy execution, fair terms, and a global network like what you see today. The compounding goes both ways.