Union Bancaire Privée (UBP) has launched its first Singapore VCC fund for family offices, using the city’s Variable Capital Company structure, an umbrella regime that allows multiple ring-fenced sub-funds with distinct strategies. The fund will be run by UBP’s Singapore discretionary portfolio management team and can invest across public markets and alternatives, including hedge funds and private markets, while also allocating to third-party managers. UBP said it is targeting

Japan’s Daiwa Securities Group will make a minority investment of about JPY5bn(USD32m) in Ambit Wealth, strengthening the Daiwa Ambit Wealth investment partnership in India’s fast-expanding wealth sector, the Nikkei reported. Ambit Wealth, which serves ultra-high-net-worth clients and family offices, had assets under management and advice nearing USD10bn as of 31 March 2025, according to Daiwa. Daiwa said it aims to share its portfolio-strategy and marketing expertise with Am

The global family office market reached USD19.09bn in 2024 and is projected to expand to USD42.76bn by 2037, reflecting a 6.4% compound annual growth rate from 2025, according to Research Nester. The report said ultra-wealthy families are increasing demand for investment management, governance structures and succession planning. North America is expected to account for 44% of the global family office market by 2037, while Asia Pacific is forecast to grow strongly as family of

The Cheng family Rosewood sale is being explored as Hong Kong tycoon Henry Cheng Kar-shun seeks potential buyers for selected assets within the family’s luxury Rosewood Hotel Group, Bloomberg reported. Representatives for the Chengs have approached prospective investors to gauge interest, though discussions remain preliminary and terms may shift. Rosewood is owned by the family’s private investment arm, Chow Tai Fook Enterprises, and is overseen by Cheng’s daughter, Sonia Che

Southeast Asia family conglomerates remain central to the region’s economic landscape, particularly in Indonesia and the Philippines, but must adapt as returns weaken, Singapore’s Business Times reported, citing academics and advisers. Experts highlighted three urgent priorities: expanding into growth sectors, introducing professional leadership, and strengthening early succession planning. An EY-Parthenon analysis of 36 listed regional conglomerates showed that average annua

Hong Kong Financial Secretary Paul Chan met representatives from Hong Kong family offices across Europe, the Middle East and Asia in London this week, intensifying efforts to draw private wealth and fintech firms to the city. The discussions highlighted how Hong Kong family offices remain central to Hong Kong’s global outreach strategy. UK-based digital bank Revolut is among the companies preparing to establish operations in the city after meeting Chan, according to people fa

Investor and real estate developer Eldiyar Muratov said family offices will increasingly replace banks in the next market cycle, arguing that Hong Kong family offices and private syndicates can move faster than traditional institutions. He said compliance-heavy bank processes often require months of paperwork, while ultra-high-net-worth investors can act swiftly and directly. Muratov noted rising dealmaking in Dubai, Singapore and wider Asia, where two or three families pool

Fears of an Asia third-generation wealth curse are prompting wealthy families across the region to overhaul succession plans, UOB Private Bank said. Angela Koh, head of wealth planning and family office advisory, noted that equal share distribution is falling out of favour due to risks of rival leadership and disputes, driving greater adoption of trusts that cast heirs as stewards. She said younger members are also reshaping philanthropy in response to the Asia third-generati

Singapore wealth longevity is becoming a major concern, with two‑thirds of high‑net‑worth individuals fearing their wealth will not outlive their children, a Sun Life survey found. About 75% said heirs are not financially prepared to manage inherited assets, while 59% worry about family disputes and 53% fear volatility eroding valuations. Only around half are confident heirs will follow instructions on transferring or preserving assets. The survey of 316 Singapore residents w

Family offices APAC real estate allocations are rising sharply as global capital pivots to Asia Pacific for growth and diversification, according to Colliers’ 2026 Global Investor Outlook. APAC-focused fundraising has climbed more than 130% since 2024, accounting for about 11% of global capital raising in the first three quarters of 2025. Family offices and high-net-worth investors have been especially active in Hong Kong and Australia, capitalising on pricing opportunities a

Generational wealth transfer family offices are expanding rapidly as ultra-wealthy heirs and founders shift away from traditional private banks, speakers at the PWM/FT Live Global Wealth Management Summit in London said. Advisers pointed to declining trust in banks, commission conflicts and stronger demand for transparent, flat-fee advisory structures. Younger entrepreneurs increasingly seek governance, tax planning, philanthropy and succession services within multi-family of

AI infrastructure fundraise Koo family backing is accelerating global ultra-rich investment into backbone AI assets. Taiwan billionaire Andre Koo Sr is anchoring two newly launched AI infrastructure funds with at least USD100m as Chailease Holding partners with US investor Jasper Lau’s Era to raise USD1.5bn from wealthy individuals and institutions. The funds will target data centres, power capacity and GPU-driven infrastructure, including firms aligned with Nvidia. Koo contr

Hong Kong family offices are expanding rapidly as the city hits its end‑2025 target ahead of schedule, driven by Hong Kong family office tax incentives and an upgraded investor‑migration scheme. InvestHK said more than 200 family offices had set up or expanded in the city by September, helped by profits‑tax exemptions, a six‑month holding rule under the Capital Investment Entrant Scheme, and simplified operational requirements. Authorities estimate Hong Kong hosts over 2,700

FinTech family offices are accelerating a structural shift in Asia’s wealth ecosystem, as Dr Kimmis Pun, managing director of Asia Green Family Office, told the Hubbis Digital Wealth Forum Singapore 2025. She said FinTech family offices now blend institutional discipline with entrepreneurial agility, drawing on Asia Green’s evolution from a FinTech platform into a modern family-office model. UHNW clients increasingly seek holistic solutions spanning digital assets, business r

Global wealthy families are increasingly turning to Hong Kong family offices as a base to access private investments in mainland China, particularly in electric vehicles, artificial intelligence, biotech, and selectively in real estate, according to Swiss family office platform Club Estate. The Zurich-based firm, which manages about 700m Swiss francs (USD884m) and operates in Luxembourg, Singapore, and Hong Kong, said clients are also diversifying away from US dollar assets i

Blue Pool Capital private equity fund ambitions are expanding as the Hong Kong-based family office of Alibaba co-founder Joseph Tsai launches fundraising for its first private equity vehicle open to external investors, with a target of USD750m. The Riverside fund will pursue majority or minority stakes in mid-sized businesses valued at USD100m to USD1bn across high-end retail, fintech, digital banking, payments, and AI-enabled software. The move marks a strategic shift for Bl

Adams Street Partners Hong Kong office plans are advancing as the USD65bn private markets manager opens a new location to strengthen coverage of institutional, family office, and wealth clients across Asia-Pacific. The office, which will commence operations upon licensing, aims to enhance local deal sourcing and client engagement amid rising regional demand for diversified access to global private markets alongside domestic opportunities. The firm said the Adams Street Partne

Vietnam’s promotion to FTSE Russell secondary emerging market status is pushing global and Asia‑based family offices to shift the country from frontier exposure to core allocation, according to Das Family Office strategist Rainer Michael Preiss. Speaking at the Hubbis Vietnam Wealth Management Forum 2025, he said Vietnam is increasingly viewed as a structural ASEAN growth market alongside China and India. Preiss urged diversified exposure across listed equities, private equit

Family‑office backed Aquilius Investment Partners is expanding into Hong Kong as it steps up its Asia private equity secondaries strategy with the hire of former HarbourVest executive Martin Yung as managing director and head of private equity secondaries. The Singapore‑headquartered firm, founded in 2021, has already invested several hundred million dollars in GP‑led and LP‑led deals and expects to deploy well over USD500m a year in private equity secondaries over the medium

Singapore has cemented its status as a top Singapore wealth hub, ranking alongside Dubai and New York in Savills’ latest index of high‑net‑worth hotspots. The city‑state scored strongly on economic competitiveness, connectivity and wealth infrastructure, underpinned by the absence of inheritance, capital gains and wealth taxes, and a 24% top marginal personal income tax rate. Savills placed Singapore third globally and the leading Asia‑Pacific market, ahead of Shanghai, Bangk