
Singapore’s GIC Bets on Wastewater Company, Takes Stake at $3 Billion Valuation
From The Wall Street Journal Singapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources LLC in a deal that values the Houston-based handler of oil-drilling wastewater at nearly $3 billion including debt, according to people familiar with the matter. GIC bought 20% of the company from Five Point Energy, a Texas investment firm that started WaterBridge in 2016