GIC Private Ltd Amends Alight Stake, Maintains Passive Investment

Ticker: ALIT · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1809104

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**GIC Private Ltd still holds Alight stock, no big changes, just a passive investment.**

AI Summary

GIC Private Ltd, a Singaporean sovereign wealth fund, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership of Alight, Inc. Class A Common Stock as of December 31, 2023. This filing indicates a passive investment, meaning GIC Private Ltd does not intend to influence or control Alight's management. For investors, this shows a significant institutional holder maintaining its position in Alight, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms a major institutional investor's continued, passive stake in Alight, Inc., which can be a positive signal for other investors regarding the stock's stability and long-term value.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate or significant new risks to the company or its shareholders.

Analyst Insight

A smart investor would note the continued institutional ownership by GIC Private Ltd as a sign of stability, but recognize this filing doesn't suggest any new catalysts or changes in company direction.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, GIC Private Ltd, is updating its ownership stake in Alight, Inc. and does not intend to influence or control the company.

Who is the reporting entity in this filing?

The reporting entity is GIC Private Ltd, a company based in Singapore, as indicated by the 'FILED BY' section and its business address at 168 Robinson Road, Singapore.

What is the subject company whose shares are being reported?

The subject company is Alight, Inc. / Delaware, with its business address at 4 Overlook Point, Lincolnshire, IL, and its Class A Common Stock, par value $0.0001 per share, is the security being reported.

What was the 'Date of the Event Which Requires Filing of this Statement'?

The 'Date of the Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(c), as indicated by the checked box on the cover page of the filing.

Filing Stats: 1,446 words · 6 min read · ~5 pages · Grade level 11.2 · Accepted 2024-02-12 08:01:56

Key Financial Figures

Filing Documents

From the Filing

SC 13G/A 1 d780519dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* ALIGHT, INC. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 01626W 101 (CUSIP Number) December 31, 2023 (Date of the Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provision of the Act (however, see the Notes.) SCHEDULE 13G CUSIP No. 01626W 101 Page 2 of 8 1 NAMES OF REPORTING PERSONS GIC Private Limited 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Singapore NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 14,692,018 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 14,692,018 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,692,018 (1) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.93% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Calculations of the percentage of the shares of Class A common stock, par value $0.0001 per share (the Class A Common Stock), of Alight, Inc. (the Issuer) beneficially owned assumes that there were 501,183,396 shares of Class A Common Stock outstanding as of October 26, 2023, as reported in the Issuers quarterly report on Form 10-Q, filed by the Issuer with the Securities and Exchange Commission (the SEC) on November 1, 2023. SCHEDULE 13G CUSIP No. 01626W 101 Page 3 of 8 1 NAMES OF REPORTING PERSONS GIC Special Investments Pte. Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Singapore NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 14,692,018 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 14,692,018 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,692,018 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.93% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Calculations of the percentage of the shares of Class A Common Stock of the Issuer beneficially owned assumes that there were 501,183,396 shares of Class A Common Stock outstanding as of October 26, 2023, as reported in the Issuers quarterly report on Form 10-Q, filed by the Issuer with the SEC on November 1, 2023. SCHEDULE 13G CUSIP No. 01626W 101 Page 4 of 8 1 NAMES OF REPORTING PERSONS Jasmine Ventures Pte. Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Singapore NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 14,692,018 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 14,692,018 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,692,018 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.93% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Calculations of the percentage of the shares of Class A Common Stock of the Issuer beneficially owned assumes that there were 501,183,396 shares of Class A Common Stock outstanding as of October 26, 2023, as reported in the Issuers quarterly report on Form 10-Q, filed by the Issuer with the SEC on November 1, 2023. SCHEDULE 13G CUSIP No. 01626W 101 Page 5 of 8 Explanatory Note The following constitutes Amendment No. 2 to the joint filing on Schedule 13G by GIC Private Limited, GIC Special Investments Pte. Ltd. and Jasmine Ventures Pte. Ltd. (each a Reporting Person and, together, the Reporting Persons) originally filed with the SEC on July 12, 2021 (the Initial Schedule 13G). The Reporting Persons are filing this Amendment No. 2 to the Initial Schedule 13G to re

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