Singapore $287 Billion Temasek to Invest $198 Million in Australia $25 Billion ETF Manager Betashares, Acquired Superannuation Business of Bendigo and Adelaide Bank in 2023 with $925 Million AUA, Launched Retail Investment Platform Betashares Direct
18th June 2024 | Hong Kong
Singapore Temasek with $287 billion AUM (Assets under Management) is investing up to $198 million (AUD 300 million) in Australia ETF (Exchange-traded fund) manager Betashares with $25 billion AUM (AUD 38 billion). Betashares is expanding to build a leading independent financial services business, acquiring the superannuation business of Bendigo and Adelaide Bank in 2023 with $925 million AUA (AUD 1.4 billion, Assets under Administration), and launching a retail investment platform Betashares Direct. Betashares (18/6/24): “Betashares, a leading Australian financial services company, today announced it has entered into a binding agreement with Temasek, a global investment company headquartered in Singapore, for Temasek to invest up to A$300m in Betashares. The investment from Temasek follows a period of strong growth for Betashares, as the Company executes on a long-term vision to build a leading, independent financial services business, offering a wide range of quality solutions to help clients reach their financial goals. Over the past three years, Betashares has continued its strong organic growth trajectory, now managing over A$38 billion on behalf of over one million investors, financial advisers and institutions across its range of ETFs after receiving the highest level of inflows amongst all ETF managers in Australia in 2023. During the same period, Betashares also launched Betashares Direct, an innovative new retail investment platform, to assist self-directed investors in building long-term wealth, and announced its intention to move into the Australian superannuation industry via the acquisition of Bendigo and Adelaide Bank’s superannuation business. As Betashares expands into new products and services, it continues to be guided by its core principles: simplicity, cost- effectiveness and transparency, with the goal of making investing more accessible and affordable for investors. Temasek is a generational investor with a long-term investment horizon, which is strongly aligned with Betashares’ pursuit of long-term value creation for clients, employees, industry partners and shareholders. Temasek owns and manages US$287 billion in assets as of March 31, 2023. TA Associates has been an investor in Betashares since 2021.”
“ Singapore $287 Billion Temasek to Invest $198 Million in Australia $25 Billion ETF Manager Betashares, Acquired Superannuation Business of Bendigo and Adelaide Bank in 2023 with $925 Million AUA, Launched Retail Investment Platform Betashares Direct “
Alex Vynokur, Betashares Founder & CEO: “Since founding the business 14 years ago, we have developed a leading position in Australia’s ETF industry. We have worked hard to expand the range of high-quality investment solutions available to investors and their financial advisers, democratised access to wealth creation opportunities for our clients, and improved the range of genuine educational content, emphasising the power of long-term investing. Looking ahead, we are focused on realising our vision by harnessing our passion for innovation and expanding our presence across more products, services, and international markets … … The investment by Temasek will help accelerate the next phase of our journey, both organically as well as through acquisitions and strategic investments. We’re excited by the opportunity in front of us
Edward Sippel, Head of TA Associates Asia Pacific Ltd & Managing Director: “Betashares has earned its place as a leader in Australia’s financial services industry and the business is incredibly well placed to capitalise on the structural changes that are underway in the international financial services landscape. TA is a highly committed long-term investor in Betashares. We believe Betashares has a bright future as the business continues to grow and expand. We’re looking forward to continuing our partnership with the Betashares management team as they leverage the Company’s market leading position, growing range of quality offerings and deep understanding of the industry.”
Betashares
Betashares is a leading Australian financial services company that helps Australians build their wealth. Since launching our first exchange traded funds (ETFs) in 2010, Betashares has grown to become one of Australia’s largest ETF managers with over A$38 billion in assets, as of June 2024. Serving over a million Australian investors, Betashares offers cost-effective, simple and liquid access to the broadest range of ETF investment solutions available on the ASX, covering almost every asset class and investment strategy. In 2023 Betashares launched Betashares Direct, a retail investment platform designed to help clients build long-term wealth.
TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
Temasek
Temasek is a global investment company with a net portfolio value of USD 287 billion (SGD 382 billion) as of March 31, 2023. Temasek’s purpose “So Every Generation Prospers” guides it to make a difference for today’s and future generations. As an active investor, forward looking institution and trusted steward, Temasek is committed to deliver sustainable value over the long term. Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively. Headquartered in Singapore, Temasek has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia.
Singapore $287 Billion Temasek to Invest $198 Million in Australia $25 Billion ETF Manager Betashares, Acquired Superannuation Business of Bendigo and Adelaide Bank in 2023 with $925 Million AUA, Launched Retail Investment Platform Betashares Direct
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