KKR has raised USD2.5bn for an Asia-Pacific performing private credit strategy as investors, including family offices and institutions, seek yield outside public markets. The capital includes USD1.8bn for KKR Asia Credit Opportunities Fund II and USD700m from separately managed accounts targeting similar opportunities, the firm said. KKR described ACOF II as the region’s largest pan-regional performing private credit fund, following its first Asia-dedicated vehicle that close

Ares Management is expanding its Hong Kong office footprint in Central, reinforcing its long-term commitment to the city as global asset managers seek higher-quality space. Ares will add about 12,500 square feet in Gloucester Tower, where it has been a tenant since 2017, with the new lease taking effect in March, landlord Hongkong Land said. The Ares Hong Kong office expansion comes as financial firms upgrade premises in the core business district. Hongkong Land said banks an

South Korean prosecutors have sought arrest warrants for MBK Partners chairman Michael Byung-ju Kim and three other executives over alleged misconduct at supermarket chain Homeplus. Prosecutors allege the executives knew a credit-rating downgrade was likely but still pushed Homeplus to issue asset-backed bonds in February last year before the retailer entered court receivership, causing investor losses. Warrants were requested for Homeplus CEO Kim Kwang-il, MBK vice president

Japan real estate fund fundraising is accelerating as Goldman Sachs seeks to raise about USD500m for a Japan-focused property vehicle, aiming to capture a rebound in the market driven by low borrowing costs and a weak yen, sources said. The value-add Japan real estate fund has been marketed to investors in recent months and plans to invest across data centres, logistics, residential and hospitality assets, targeting mid-teen returns. A first close is expected by end-March. Ja

Billionaire family offices permanent capital strategies are reshaping global dealmaking as wealthy families bypass traditional funds to invest directly across sectors including artificial intelligence, deep technology, data centres and healthcare. Deloitte estimates billionaire family offices permanent capital totals about USD5.5tr, up 67% from five years ago, and could exceed USD9tr by 2030, potentially overtaking hedge funds. The number of single-family offices has grown to

Asia dealmaking 2025 rebounded strongly as transaction volumes across the region reached about USD1.3tr, up 21% year on year, according to Bloomberg-compiled data cited by bankers. Advisers said renewed momentum in China and record activity in Japan are setting the stage for a robust start to 2026, led by consumer, healthcare, TMT and sponsor-driven transactions. Citigroup’s Jan Metzger said the M&A pipeline is among the strongest he has seen. In China, multinationals are in

Singapore family office private equity activity is in focus after Far East Capital, the family office of Far East Organization, acquired preference shares in oat-milk maker Oatside in a late-November secondary transaction, according to people familiar with the deal. The stake was bought from early backer Mugi Capital, which has supported Oatside since 2021 and has transferred more than half its holdings to existing shareholders. Based on DealStreetAsia’s August 2025 valuation

Amova Asset Management Malaysia expansion is under way after the Japanese firm, formerly Nikko Asset Management, agreed to lift its stake in AHAM Asset Management Bhd to 97.7% from 20% by acquiring shares from CVC Capital Partners and other investors, subject to regulatory approvals. AHAM Capital said assets under management at the group, including Islamic unit AIIMAN, exceeded RM100bn (USD22.7bn) as of Nov 30, placing it among Malaysia’s top three managers. Amova, part of Su

Malaysia family office real estate investment is accelerating after a Malaysian family office agreed to acquire a major stake in Lendlease’s flagship Exchange TRX precinct in Kuala Lumpur for about MYR1.1bn (USD240m). Lendlease said the transaction includes a 40% interest in the Exchange TRX retail mall and its entire 60% stake in the office tower, while the Australian developer will retain 20% of the mall, 60% of the hotel and 60% of the residential land plots, and continue

Japan multifamily fund activity is accelerating as Samty said it has reached a USD500m final close for a new Japan multifamily fund, highlighting rising institutional and family office capital allocation to residential assets. The fund, formed with a sovereign wealth fund, has already deployed USD200m into an initial portfolio of newly built properties in major residential hubs. Hillhouse Investment Management will serve as general partner through its real-estate arm Rava Par

Warburg targets cross-border services demand in Asia after agreeing to invest in corporate services provider Acclime to fund the group’s expansion as cross-border business activity increases. The transaction could value Acclime at USD950m to USD1bn, although financial terms were not disclosed. Founded in 2019 by Martin Crawford, Acclime provides accounting, human resources, payroll, tax, risk and advisory services. Warburg said Acclime has completed more than 50 acquisitions,

PE and VC fundraising remained subdued in 2025, with global venture capital funds raising USD64.4bn in the first nine months, less than half of 2024’s total, according to Preqin. Asia-Pacific was the weakest region, with USD9.5bn raised compared with USD34.2bn in 2024, as investors stayed cautious on new commitments. Private equity funds raised USD507bn, around 73% of last year’s level, and Preqin expects a modest full-year decline. Exit activity showed signs of recovery, wit

Private credit and core-plus infrastructure are expected to offer attractive risk-reward profiles for investors seeking diversification away from equities in 2026, Temasek chief executive Dilhan Pillay said at Abu Dhabi Finance Week. He said private credit provides senior-position exposure within the capital structure, while core-plus infrastructure can deliver stable, long-term cash yields from assets such as data centres and energy-transition projects. The comments build on

Hong Kong Investment Corporation (HKIC) has appointed 10 asset managers to oversee the 2025 capital batch of its New CIES investment portfolio under the Capital Investment Entrant Scheme, with the pool expected to reach at least HKD3bn(USD390m), HKIC said. The appointed firms cover venture capital, private equity, private credit and hedge fund strategies and include Abax Global Capital, Beyond Ventures, CMC Capital, FirstLight Capital, Hidden Hill Capital, M Capital, Polymer

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

Temasek-owned Seviora Group will fold in fellow Singapore subsidiary Pavilion Capital to form an integrated asset manager overseeing about USD72bn of assets. The combined platform will strengthen offerings across private equity, private credit, public markets and financing. Pavilion will retain its brand and pan-Asia strategy while marketing products under the Seviora umbrella. Seviora CEO Gabriel Lim said the integration will broaden capabilities and help attract third-party

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

More than 100 global investors from Singapore, Hong Kong, Australia, Japan, Europe, and the UK will convene in Ho Chi Minh City on 3–4 December for the Vietnam 2.0 investor conference, a two-day event aimed at channelling long-term foreign capital into Vietnam. Organised by Dynam Capital, Vantage Point Asset Management, and Shinec Vietnam, the event—titled “Vietnam 2.0 – Unlocking the Next Growth Phase”—will spotlight opportunities in infrastructure, energy, environment, tech

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