Temasek to make minority investment in high speed trader Virtu

Source: Virtu Financial LLC

Virtu Financial LLC ("Virtu"), a leading technology enabled market maker and liquidity provider to the global financial markets, today announced that Temasek, a global investment firm based in Singapore, has agreed to make a strategic investment in Virtu.

Temasek will make a minority investment in Virtu by purchasing a portion of the equity investment held by Silver Lake, which will continue to be a minority shareholder in Virtu.  Terms of the transaction were not disclosed.

Douglas Cifu, CEO of Virtu, said, "Temasek is an ideal partner for Virtu.  We appreciate their investment and confidence in our future.  Temasek is a world class investor with a strong track record of investing in growth companies around the world.  Their extensive knowledge and relationships in Singapore, Asia and the Far East will be particularly beneficial as we look to expand into new asset classes and geographies." 

Mike Bingle, a Managing Partner of Silver Lake and a Director of Virtu, said, "Silver Lake is proud of its investment in Virtu, and we look forward to participating in the Company's future growth alongside Temasek as an investment partner.  Temasek has been a strong partner of Silver Lake for more than a decade.  We value their insights and believe they can add significant value to Virtu as a direct investor." 

Following the closing of the transaction, Mike Bingle will continue as a Director on Virtu's Board.

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