CAA Gets Singapore Investment Partnership

CAA has announced a strategic partnership with Singapore-based investment firm Temasek, a company with a $200 billion net portfolio value.

The investment, which will be used to further CAA’s growth, follows this year’s investment by China’s media and entertainment fund CMC, alongside Fubon Group, including Taiwan Mobile.  TPG Capital retains its majority position in CAA.

– CAA

“As one the most successful and sophisticated investors in the world, Temasek provides an extraordinary level of insight and resources as we continue to provide the best opportunities for the company and our clients,” CAA President Richard Lovett said in a statement. “Today’s announcement speaks to the incredible growth and relentless innovation across all areas of the agency.  We have a combination of partners that provide global firepower for our continued success.”

CAA noted it is the first agency to “build a sports business, create an investment bank, launch a venture fund, found technology start-up companies, and establish a business in China.”

The investment amount was not disclosed.