Temasek, the investment arm of Singapore’s government, has officially opened an office in San Francisco, E27 reported today.

The location adds to an existing presence in New York, where the firm opened an office in 2014. The San Francisco office will seek relationships and deals in the Bay area, particularly Silicon Valley, and further afield.

The office is expected to work closely with outlets in New York, Mexico City and São Paulo.

John Vaske, joint head of North America for Temasek, said: “We recognise that opportunities arising from the east coast and the west coast are diverse and unique, and have always intended to have an office in San Francisco alongside our New York office.

“We have been stepping up our US investments, and our exposure to North America has grown to 10% of our portfolio as of March 31 2016. The opening of our San Francisco office comes at a time where we see increasing opportunities in areas such as technology, healthcare, life sciences and agriculture, as well as early-stage investments.”