Praxis Asia leadership expansion highlights its growing focus on family office and cross-border wealth structuring, with new senior appointments in Hong Kong. The firm named Tom Zierer as Senior Executive Director and promoted Cindy Cheng to Regional Head of Growth and Business Development for Asia. Zierer, who relocated from Guernsey to Hong Kong in 2025, will lead a 14-member multilingual team serving international clients, while Cheng will oversee regional expansion and in

Joe Tsai family office investment through Blue Pool Capital has led a Series A funding round in the Asian University Basketball League, as investors bet on the rapid growth of basketball across Asia. The family office-backed investor was joined by Avenue Capital Group, Nan Fung Group, HSG, Bolt Ventures and former Chinese Basketball Association chief Yao Ming, marking his first investment in an emerging sports league. The AUBL said its inaugural tournament in Hangzhou attract

Singapore family office advisory demand is increasing as the city’s rapid growth as a wealth hub drives need for succession, governance and tax expertise. Lawyer Vikna Rajah said he has helped establish more than 30 family offices in two years, with clients focused on wealth preservation, business continuity and fair distribution across generations. He noted challenges often arise when founders delay succession planning or resist handing over control. Singapore family office

Asia family office succession risks are rising as wealthy families become more mobile, with heirs studying, working and inheriting assets across multiple jurisdictions. Data from Hurun Report show 23% of Chinese high-net-worth families already have children studying abroad at high school level, while 46% have children overseas for higher education, with 74% planning to do so. Henley Wealth Report estimates 142,000 millionaires relocated globally in 2025, rising to 165,000 in

Family offices March dealmaking slowed as ultra-wealthy investors pulled back on direct transactions during a month marked by market volatility linked to the Iran conflict, according to Fintrx data. Family offices made 39 direct investments in companies during March, down 25% from February after adjusting for the difference in month length. Even so, deal sizes increased, with a quarter of those transactions qualifying as mega-rounds of more than USD100m. Bezos Expeditions co-

Family offices Asia recycling fund backing helped Circulate Capital secure a USD220m first close for Circulate Capital Asia II, giving the Singapore-based investment manager more than 70% of its USD300m target for a vehicle focused on scaling circular supply chains and recycling businesses across South and Southeast Asia. Backers include Builders Vision, Stella, Clotho Family Office, Wire Group and Fondation Prince Albert II de Monaco. The first close exceeds Circulate Capita

Blue Pool Capital private equity fund activity has entered a new phase as the Hong Kong-based multi-family office and investment firm co-founded by Alibaba billionaire Joe Tsai raised USD1bn for its first private equity fund, Riverside Fund, marking an expansion beyond multi-strategy investing. The firm was founded by Tsai and former Alibaba executives and is led by CEO Oliver Weisberg, a former Goldman Sachs banker and former Citadel partner in Hong Kong. Weisberg previously

Full Vision EnerVenue investment has led a USD300m Series B+ preferred stock financing round in US energy storage firm EnerVenue Holding, backing the battery maker it originally incubated as it expands manufacturing and commercial operations. The investment brings California-based EnerVenue’s total funding to USD445m. The company develops aqueous metal cell batteries for long-duration grid storage, a technology adapted from aerospace applications. Proceeds will support resear

Asia family offices turned more cautious in 2025, with expected average portfolio returns falling to 6% from the 10% respondents had anticipated in 2024, as market volatility and concerns over US tariffs and fiscal policy clouded the outlook, according to Campden Wealth and BNP Paribas Wealth Management. Cash was seen as the most rewarding asset class over the next 12 months, while private markets still made up 24% of average portfolios, second only to public equities at 27%.

Circulate Capital Asia fund has raised USD220m for the first close of its second Asia vehicle, defying a broader pullback in ESG investing. Singapore-based Circulate Capital said the first close of Asia Fund II brings total assets under management to USD480m. Backers include Builders Vision, the family office founded by a grandson of Walmart founder Sam Walton, alongside existing corporate investors such as Coca-Cola and new institutional backers, including the Emerging Marke

Hong Kong family office tax incentives are being promoted to Australian investors as the city pitches itself as a base for family offices through its gateway role to mainland China and Asia-Pacific, deep capital markets and favourable tax treatment. Officials said Hong Kong manages more than USD4.5tr in assets as the world’s second-largest cross-border wealth hub, while Hong Kong Exchanges and Clearing was the top venue globally for IPO fundraising in 2025. They also highligh

Asian family offices alternatives exposure is deepening, especially in private equity and hedge funds, although some investors in the region have at times become overexposed because of their flexibility in deploying capital, Morgan Stanley Private Wealth Management Asia’s Christina Au-Yeung said. She said Asian families were still in the early stages of building more institutionalised portfolio frameworks for alternatives compared with peers in North America and Europe. Au-Ye

Singapore family offices AI adoption is rising sharply in operations, though that has yet to translate into active investment in the sector, according to an Ocorian report. The study found 96% of 25 respondents, including family members and senior executives at Singapore-based family offices, were using AI to improve operations and data insights, yet none were currently seeking AI-related investment opportunities. Still, 64% said they expected to increase investments in AI an

Asia legacy planning remains weak, with nearly six in 10 high-net-worth individuals in the region lacking a formal plan, according to an HSBC Life report that highlighted risks to intergenerational wealth transfer. Only 24% of respondents in Taiwan had a legacy plan, followed by 26% in Hong Kong and 36% in mainland China, while Thailand led the surveyed markets at 57%. The report said economic and financial market volatility, cited by 45% of respondents, was a stronger trigge

Asia family office demand is accelerating as growing private wealth and rising intergenerational transfers push affluent families towards more structured approaches to succession and governance, Raffles Family Office said. Chief executive Kendrick Lee said the firm recognised the shift early and built a presence across Singapore and Hong Kong to capture cross-border investment opportunities and diversify regulatory exposure. He said family offices increasingly complement priv

Hong Kong family offices growth 25% underscores the city’s attraction for wealthy families, with Chief Executive John Lee saying more than 3,380 single-family offices are now based in the city, up 25% from two years ago. Speaking ahead of the Wealth for Good in Hong Kong Summit on March 24, Lee said more than half of these family offices had second-generation or later family members in leadership roles, showing long-term confidence in the city. The summit drew about 130 famil

Singapore family office talent risks are increasing as opaque pay structures and weak benchmarking make it harder to retain professionals in areas such as technology, AI and cybersecurity, according to a report by 101 finance. The report said Singapore’s family-controlled corporate landscape and lack of specific shareholder inspection rights helped sustain opaque pay practices, while firms were more vulnerable to poaching as employees compared compensation with more transpare

Dubai safe haven family offices are facing a meaningful stress test as prolonged conflict in the Gulf prompts some Asian family offices to reassess the emirate’s role as a neutral base for assets. Advisers said enquiries about shifting portfolios or setting up secondary offices in Singapore and Hong Kong had risen sharply as US-Israeli strikes on Iran stretched into a third week. Families were said to be prioritising contingency planning, liquidity and downside protection, wh

Family office geographic shift Europe Asia accelerated in 2025 as new wealth creation became more diversified, according to a FINTRX report. The report said real estate accounted for a smaller share of new family office wealth, while financial services gained modestly and investment activity broadened across sectors including technology, healthcare and specialised property. FINTRX tracked more than 1,500 direct investments in private companies and over 150 real estate deals a

Hong Kong wealth legacy academy board appointments have expanded as the institution added four new members from real estate, education, investment and hospitality. The academy named Sino Group chairman Daryl Ng Win Kong and YK Pao School co-founder Philip Sohmen as vice chairmen, while Chartwell Capital founder Ronald Chan Wai-yan and Dorsett Hospitality International chair Winnie Chiu Wing-kwan joined as board members. Chairman Adrian Cheng said the appointments would deepen