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, the venture arm backed by Singapore state investor Temasek, has invested in Heartbeats, a startup focused on digital trading cards. The deal was reported as an exclusive by the Wall Street Journal. The investment signals continued venture interest in digital collectibles and highlights Vertex's push into consumer technology startups in Japan and beyond.