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It previously opened a New York office in 2014

Singapore government-backed investment company Temasek Holdings has officially opened an office in San Francisco — expanding its US presence after it opened an office in New York in 2014.

In an official press release, Temasek said the San Francisco office will be cultivating relationships and looking at deals within the Bay area — especially in Silicon Valley — and beyond.

The Singaporean sovereign wealth fund’s new office will also work closely with its sister branches in the region. This includes New York, Mexico City and São Paulo in Brazil.

“We recognise that opportunities arising from the East Coast and the West Coast are diverse and unique, and have always intended to have an office in San Francisco alongside our New York office,” said Temasek’s Joint Head of North America, John Vaske, in an official press statement.

“We have been stepping up our US investments, and our exposure to North America has grown to 10 per cent of our portfolio as of March 31, 2016. The opening of our San Francisco office comes at a time where we see increasing opportunities in areas such as technology, healthcare, life sciences and agriculture, as well as early stage investments,” he added.

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Incorporated in 1974, Temasek Holdings has grown from just investing in just Singapore companies to becoming an active international investor covering Asia, Europe, and the Americas.

It has a portfolio of investments worth of S$242 billion (US$180 billion), which include notable tech unicorn companies such as Airbnb and PayPal.

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