Cruising into Asian markets
We’re getting on board with Dream Cruises, the first-ever Asian-based luxury cruise line. Together with our partners, TPG Capital Asia and TPG Growth, we’ll acquire up to a 35% stake in the company.
What’s the connection between an Asian cruise line and your pension?
While this investment is nautical in nature, it helps us to expand our global footprint. Global diversification helps us to reduce risk by spreading our portfolio across many sectors and geographies. It also helps us to capitalize on opportunities beyond our doorstep. Both are crucial to us delivering your long-term retirement security.
As the population in Asia grows wealthier, this investment allows us to tap into the expected increase in demand for luxury travel in that market.
Dream Cruises at a glance:
- Dream Cruises is one of Asia’s leading cruise brands.
- This investment will help the company continue to build their new state-of-the-art ships.
- Once these new ships join the fleet in 2021, they’ll be the largest cruise ships in the world by passenger capacity.