Singapore, 20 April 2017 – GIC, Singapore’s sovereign wealth fund, together with Public Sector Pension Investment Board (PSP Investments) and North Island, has invested US$625 million in Virtu Financial, a leading electronic trading firm and market maker.
Virtu announced a deal to acquire KCG Holdings for approximately US$1.4 billion, a move that will turn it into one of the biggest participants in the US equity market.
GIC’s investment stems from the belief that Virtu’s merger with KCG will position the combined company as a leading diversified electronic market maker with strong growth potential over the long term.
