Temasek, the Singapore-based investment company with a net portfolio with $200 billion, has acquired a stake in Creative Artists Agency, the companies announced Tuesday.
The strategic investment — whose size and terms were not disclosed — will be used as capital to further CAA’s growth, including through acquisitions, and follows this year’s investment by China’s leading media and entertainment fund, CMC, alongside Fubon Group, including Taiwan Mobile.
TPG Capital retains its majority position in 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.
Temasek has considerable experience in the telecommunications, media and technology sector, with portfolio companies including Alibaba Group and Airbnb, among others.
CAA was 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, among other industry innovations.
CAA recently formed CAA China in partnership with CMC to expand opportunities for the agency and clients in the fast-growing region. In addition to CAA’s longtime representation of top Chinese talent and leadership in film finance, the combined expertise and resources will create new businesses ranging from talent representation, endorsements, and sports, to digital media, music, and original content production.