Family offices in Asia are expanding beyond property, listed equities and direct business holdings into private equity, infrastructure and alternative investments, as younger generations seek greater diversification and flexibility, EQT executive Sueann Yeo said. Secondaries have become a core portfolio tool, providing diversified private market exposure and distinct cash-flow profiles, while evergreen structures are attracting interest for their greater liquidity flexibility

Family offices in Malaysia are emerging as a potential growth area as wealthy individuals and business owners seek more sophisticated structures to manage and deploy capital, contributing to Southeast Asia’s expanding private markets, according to industry executives. These offices are increasingly looking beyond traditional assets towards private equity, venture capital, infrastructure and direct investments, mirroring developments in Singapore and Hong Kong. Supportive gove

The Carlyle family office business is expanding with two senior appointments as the US private equity manager targets ultra-high-net-worth families as an increasingly important source of investment capital. David Seeberan has joined Carlyle as a partner and global head of the family office group, while Victoria Matthews has been appointed managing director and head of the business for Europe and Asia. San Francisco-based Seeberan previously worked at Cercano Management. Matth

The Singapore private markets hub remains a leading regional base for investment funds and start-ups, although competing Asian markets are developing increasingly sophisticated investment ecosystems, according to panellists at SuperReturn Asia. Singapore continues to concentrate investment functions and professional services, supported by its talent pool, regulatory infrastructure and international reputation. However, expertise is becoming more widely distributed as private-

The Asia private credit market is expanding as insurers, pension funds and other institutional investors seek long-term financing opportunities across the region, according to Fitch Ratings’ Monsur Hussain. Asian private-credit funds generally have less exposure to software and high-growth technology businesses than their US counterparts and face less competition for transactions, supporting more conservative lending standards, Hussain said. Private-credit exposure among majo

Asia-Pacific hotel investment increased 21% year-on-year to USD8bn during the first half of 2026 as strong travel demand and constrained new supply supported investor interest, according to CBRE. Japan, mainland China and South Korea led activity, while investors increasingly targeted existing properties for repositioning and conversion as higher construction and financing costs restricted new development. Hotel supply across Asia-Pacific is expected to grow by around 2.3% an

Private equity manager selection remains critical for investors as wide differences in returns persist between the strongest and weakest-performing funds, according to research from private-markets platform Moonfare. The annual return gap between top- and bottom-quartile private equity managers averaged 19.2 percentage points between 2016 and 2026, compared with just 2.9 percentage points for large-cap equities. Past performance also provided limited certainty about future re

Hong Kong private equity control deals are becoming increasingly important as managers pursue buyouts and controlling stakes amid slower exits across Asian private markets. Private equity investors participated in USD165.5bn of buyout transactions in 2026, around double the USD80.8bn invested in growth deals, according to PitchBook data. Hong Kong-based funds raised USD135.6bn across three buyout vehicles, including EQT’s BPEA Private Equity Fund IX, which accounted for USD12

Asia family office global investment strategies are becoming more diversified as wealthy investors seek opportunities across regions and asset classes, according to private capital markets firm Ascentivelab Group. The New York-based firm is expanding its investor coverage into Asia, the UK and Europe as family office capital becomes increasingly international. A UBS survey cited by Ascentivelab found that 60% of family offices plan to change strategic asset allocations within

Hartono family overseas investments have reached at least USD1.4bn through nine Singapore- and London-based entities as Indonesia’s wealthiest family diversifies beyond its domestic holdings, Bloomberg reported. The Hartono family, estimated to be worth around USD30bn, has traditionally kept most of its wealth in Indonesia but is increasingly acquiring businesses overseas. Transactions include the purchase of a US specialty paper company for USD669m and an Austrian cigarette-

The CapitaLand Asia-Pacific credit fund platform is expanding as CapitaLand Investment seeks USD500m for its third regional private-credit programme, Bloomberg reported. The new vehicle, ACP III, will focus on senior secured and asset-backed investments and is expected to target mainly existing investors. A first close is planned by the end of 2026. The fundraising follows the USD320m close of ACP II, which added around USD600m to CapitaLand Investment’s funds under managemen

The Lawrence Ho family office is expanding into space technology through a USD1bn de-SPAC transaction involving Singapore-based satellite communications company Astrum Space. Black Spade Capital, the family office of Macau billionaire Lawrence Ho, will merge Astrum with Black Spade Acquisition III in its third de-SPAC transaction. The combined company intends to seek a listing on the New York Stock Exchange. Founded in 2023, Astrum is developing a satellite-to-device communic

The responsAbility Asia Climate Fund has closed at USD461m with backing from family offices, institutional investors, foundations and development finance institutions. The private credit vehicle targets companies operating in renewable energy, electric mobility, energy efficiency, circular economy and infrastructure across South and Southeast Asia. Its blended-finance structure uses concessional public-sector capital to mobilise commercial investment, with private commitments

The Azalea evergreen private equity fund has attracted family offices, private banks and wealthy individuals from across Asia as the Temasek-linked investment manager raised more than USD1bn across three vehicles. Azalea All Access secured more than USD350m in initial commitments and offers exposure to private equity secondaries and co-investments through monthly subscriptions and quarterly redemptions. Azalea also closed Altrium Private Equity Fund III at USD526m in June and

The Partners Group Asia private credit business has secured a USD1bn mandate from an unnamed Asian institutional investor as sovereign wealth funds and insurers increase allocations to private lending. The evergreen mandate includes a discretionary allocation and co-investment capital targeting senior and junior direct-lending opportunities across Asia-Pacific. Partners Group said it has secured more than five Asian institutional mandates over the past year, including an EUR8

The PAG Asia buyout fund is targeting about USD4bn as the investment firm tests institutional appetite for Asian private equity while reducing its historically heavy exposure to China. PAG has informed limited partners about the fundraising but has yet to finalise its target, according to people familiar with the plans. The vehicle could ultimately raise between USD4bn and USD5bn, with an initial close potentially taking place by the end of the year. PAG's previous buyout fun

Hong Kong limited partnership funds have surpassed 2,000 registrations, marking a significant milestone for a regime designed to attract private equity, venture capital and other alternative investment vehicles. The government said the threshold was passed on Aug. 13, with registrations up 63% year on year at the end of July. The limited partnership fund framework was introduced in August 2020 to provide an onshore structure tailored to private funds. Hong Kong added a re-dom

The Korea Investment Holdings KDB Life deal could give the brokerage-led financial group its first foothold in insurance after Korea Development Bank selected it as preferred bidder for a 99.75% stake in KDB Life Insurance. The transaction covers 116.32 million shares, although the purchase price has not been disclosed. Korea Investment Holdings is seeking to diversify earnings beyond securities and gain access to a more stable, long-term funding source through insurance prem

Asset management consolidation is accelerating as falling fees, rising operating costs and growing demand for private markets force firms to choose between building greater scale or developing highly specialised investment capabilities, according to consultancy Alpha FMC. Institutional management fees have declined by around 3% annually, while passive strategies now account for approximately 39% of investments among the world's largest asset managers, senior partner Chris Kro

Private credit fund liquidity is facing increased scrutiny after several major asset managers restricted investor withdrawals following a surge in redemption requests. Apollo Global Management limited withdrawals from its USD26bn Apollo Debt Solutions vehicle to 5% after redemption requests reached almost 17%, or USD2.4bn. Ares Management also capped withdrawals from its USD23bn Strategic Income Fund after requests reached 14.4%. BlackRock, Blackstone and Blue Owl have simila