UBP Launches First Singapore VCC Fund for Family Offices

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 global single-family offices and ultra-high-net-worth clients seeking institutional-quality diversification with private-wealth flexibility.

Paras Gupta, head of investment services for Southeast Asia, said the Singapore VCC fund for family offices aims to blend institutional discipline with bespoke structuring.

UBP added that the VCC framework—particularly share-transfer features and segregated sub-funds—can support succession planning, streamline cross-border administration, and enable structures such as staggered payouts for heirs across generations.